Japan still attractive says Witan Pacific Trust manager

Nomura's Yasuhiro Mimbuta believes Japanese equities remain attractive despite facing a tough year in 2010.

Mimbuta, senior portfolio manager on the Nomura team which co-manages the £139m Witan Pacific Investment Trust with Aberdeen Asset Management, predicts corporate earnings will grow by 60% this year following large falls over the last 18 months. He says while corporate earnings are improving across the globe, the Japanese recovery is significant because it is succeeding in spite of negative currency rates. "Last year believing in any kind of stocks made you quite an impressive profit and after such strong results, this year will be tougher," Mimbuta says. "Having said that, there ar...