Can Japan's small and mid-cap companies stage a comeback?

Japanese markets have recovered quickly from a major wobble in August, but small and mid-cap companies continue to lag the wider market, and the index heavyweights in particular. In other countries, smaller companies have tentatively started to catch up with their larger peers. Will Japan remain an exception? Or will market leadership start to broaden out? On 5 August, the benchmark TOPIX index started one of the biggest three-day drawdowns in its history. The triggers appear to have been the Bank of Japan's decision to increase its benchmark interest rate to 0.25%, plus a strengthe...