Japan may still see long-term improvement in equity prices

Japan still offers opportunities despite a disappointing year, according to Andrew Gibbs, manager of the New Star Recovery fund. Gibbs says while Japan has failed to perform in comparison to other larger markets this year, there is still a case for a long-term improvement in Japanese equity prices. He believes a reduction in GDP forecasts seen over recent months will not result in a recession, as has been the case in the past. He says: "This time round because Japan has, largely speaking, defeated deflation, the banking system is mended, we have got employment growth, although not rampa...