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Opportunities in Japan says Pictet

Investment opportunities in Japan for those prepared to search

its depressing macro-economic climate could turn out to be a gold mine according Pictet Asset Management.

Pictet Asset Management head of Japanese equities Richard Heelis, says that despite a 20 year low in equities &#39there&#39s nothing quite like a weak market to stimulate a positive response&#39.

He underlines the necessity of focussing on companies with &#39secure earnings prospects and relatively strong balance sheets&#39, but points out that corporate Japan has recently shown a greater interest in restructuring and change. Particularly positive signs are rising dividends along with a growing interest in share buybacks suggesting that companies are starting to realise the importance of returning earnings to shareholders.

Heelis says: “Things are likely to get worse before they get better … But, for those investors willing to look beyond the obvious bad news, there are stock picking opportunities to be taken.”

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