Japanese restructuring results in better figures

Weak domestic economic growth, deflation, banks' bad loan problems, restructuring and slow implementation of reforms are just some of the problems in Japan and many fund managers are expecting more of the same. However, amid the results season there appears to be a number of companies that have been restructuring and so have announced encouraging results. David Mitchinson, manager of the £8m Framlington Japan fund, says: 'We have seen strength in particular from Canon and auto parts companies, most notably Honda and Nissan. 'However, Sony has been very weak and the company's strategy...