Still not much joy for Japanese firms

Professional Adviser
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After a positive start to the year, a slowing economic recovery and concern over banking stability d...

After a positive start to the year, a slowing economic recovery and concern over banking stability depressed the Japanese markets in the latter half of 2002 and the main Topix index ended the year down 18%. It is cold comfort to note that Japan's performance was better than many other key markets such as the S&P 500 and the FTSE All-Share in the UK. The economy made some progress, as industrial production recovered in the first eight months of the year and consumption was more buoyant than those outside the country might suspect. The consensus is that economic activity will weaken slig...

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