Chris Taylor on Japan

Japanese equities the positive in a country with a negative outlook.

Year to date, Japan has been one of the better-performing markets with the Topix Index up by over 4% in yen terms and almost 16% in pound sterling. Does this mean Japan is finally set to have its day in the sun or will it plunge back into darkness as global economic momentum wanes, as it has done so many times before over the last two decades? The major bull points in Japan’s favour centre upon its undervalued multinational companies. Many of these companies globally dominate their sector, either individually or often collectively, so are well placed to profitably exploit the continued...