Japanese equities look ripe for return to form

In June, Odey Asset Management became the latest UK investment organisation to exit Japan, with the closure of its Japan hedge fund. This news coincided with a few blunt comments from the Tokyo's stock exchange head, Atsushi Saito. In an interview with the Financial Times, he warned Japan might have to sell its assets cheaply to emerging economies such as China and India unless Japanese corporations changed their corporate governance regimes radically, and helped to address Japan's growing burden of excessive public debt. Some might see such downbeat developments as reasons for savvy in...