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Japan economy poised for recovery

A restructured Japanese economy is poised to benefit from any upturn in the global economy with equity yields rising above 10 year bonds according to Schroders.

Manager of Schroders Japanese equity fund Fumiko Roberts says the country is well-placed due to the fact two thirds of its GDP growth last year was due to net trade with 25 per cent of exports going to the US.

Given many experts predict the US economy is expected to recover strongly in 2003, he says Japan is positioned to benefit strongly from this.

Roberts says: “Japan&#39s reformed companies and relatively cheap valuations offer investors good opportunities in the Japanese market. We particularly favour exporters with a strong global franchise that are market leaders in higher value added areas like electricals, electronic components and autos.”

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