Japanese economy showing signs of life

Professional Adviser
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Increased unemployment in Japan means employment agencies, discount retailers and amusement arcades offer good opportunities for investors, while the nation as a whole is showing signs of a sustainable recovery

Is the sun rising in Japan after a decade of false dawns? The 27% jump in the Topix index from the March/April lows through to the first week of July is indicative of a brightening horizon. With the index having languished below the 800 level for most of March and April, the surge in the market towards the 1,000 level in early July was in part driven by the improving outlook for the US economy as war in Iraq more-or-less ended. A key catalyst to the transformation in investor sentiment however was the partial nationalisation of Japan's fifth largest bank, Resona, in May and the massive i...

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