How to weather the Japanese storm

We are extremely bullish about the prospects for Japanese equities. This optimism is founded on multi-decade valuation lows, very strong earnings growth despite the earlier knock to production from the earthquake and tsunami, rising dividend yields and continued evidence of M&A activity, as Japanese firms look to take advantage of ludicrously cheap corporate assets. External woes Earlier share price weakness over worries over the impact of the natural disasters on production and growth has given way in recent weeks to further tough market conditions, this time driven by events outside ...