Japan multinationals well-placed to exploit start of global recovery

Recent years have not been kind to the Japanese stock market.

Since its last substantial rally in 2005, it slipped steadily lower over 2006 and 2007 while most other stockmarkets made substantial gains, in many cases hitting their all-time highs.  Japan actually peaked back in 1989/1990 at almost three times its current level. Is it now time for Japan to stage a comeback? A major factor in Japan’s favour is that the country’s large multinational firms, as a group across several industries, are amongst the best placed to exploit a global recovery.  Many Japanese firms still dominate their global sectors, from autos via specialist materials and ca...