Earnings results and higher GDP boosts Japan's outlook

Japan has had several difficult years recently - although the market has picked up of late and funds are starting to see a turnaround in terms of performance. The Standard & Poor's Japan sector update in September 2003 commented that the rally in the quarter to the end of July was driven by "increasing confidence seen in the US, supported by better earnings results and higher GDP figures which has now shifted to Japan, is expected to participate in the global revival through increased exports." In general, the analysts noted that fund managers are more positive about Japan because of this o...