Better news emerges in Japanese markets

Foreign investors searching for value in global markets will be surprised to find Japanese equities popping up on global screens with increasing regularity. Since the market peaked in 2006, it has fallen by nearly 30%. However, unlike the West, there is little evidence of the economy slipping into recession. Also, financial institutions did not get tangled up in the sub-prime investment debacle to anywhere near the extent of their Western counterparts, consequently Japanese companies are not suffering from a debilitating credit squeeze. The equity market is now reflecting the better news ...