Around 10% of Japanese firms produce 90% of Japan's corporate earnings, according to Frederic de Mer...
Around 10% of Japanese firms produce 90% of Japan's corporate earnings, according to Frederic de Merode, portfolio strategist at Fidelity Investments. He says: 'It may not be very flattering for the remaining 90% of companies, but it is certainly interesting for those investors who recognise the privileged 10%. As ever, the huge levels of debt circulating around corporate Japan may make perfectly sound operating firms look like candidates for junk bond status.' He says that despite very real problems, there are positive signs the Japanese government is beginning to act on its elect...
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