Why Japan suits a patient investor

Recent geopolitical turmoil and concerns about the Trump administration's ability to enact promised fiscal reforms have led speculators to push up the yen versus all currencies once again.

The currency move has destabilised the stockmarket; in fact, foreign investors have sold over half of the stock they purchased in the latter half of 2016. However, the discerning investor should look through the short-term noise and focus on the underlying trend unfolding in Japan.  Corporate Japan is cash rich and there is much room for improvement in allocating that capital. Some 55% of FTSE 500 firms have more liquid assets than interest bearing debt, more than double the US (18%) and Europe (21%).  Why the three arrows of Abenomics are primed for success Cash deployed for in...