Japan sitting on 'wall of money', but investors too nervous for rally

Japan could be a big winner for investors, though with so many false dawns in the past, the difficult question is when, according to Shaun Lacey, head of wealth management at Investec Bank Channel Islands in Guernsey. "Japan is difficult - it had a good rally, but since then it has come off a cliff," he said. "The stupid thing is that you can get more on dividend yields in Japan than you can in cash or bonds, but everyone is sitting on hoards of cash as they are nervous of the markets. When that wall of money hits the market, there should be a sustained rally, but the timing of that is ...