Japan's actions speak louder than words

'Too early to call time on another false dawn'

I am not surprised that some investors are questioning whether this time really is different for Japan in light of the market falls in recent weeks.

Today's story is based on action, not words and that it is far too early to call time on another false dawn. Like many global markets, Japan has retreated over the past few weeks and some of the hottest money has flowed out Some of this is undoubtedly the shared concern that the outlook for the US will become more challenging. Last chance to register for Investment Week Japan Market Focus event However, I suspect that there is also a fear that ‘this time is just the same' - and that the governance and shareholder changes that have drawn investors to Japan will be transitory. Som...