When Abenomics was launched and large-scale QE introduced to much fanfare a few years ago, the bold message communicated was we could expect monetary policy easing on a scale not previously seen.
In Asia, there is a tradition of naming the year after one of the 12 animals of the Chinese zodiac - 2016 is the year of the monkey.
The Bank of Japan has cut interest rates to -0.1% as policymakers try to keep their economic plans intact in the face of global headwinds.
Japan remains a cyclical market due to its large exposure to global manufacturing sectors relative to other major markets, as well as relative to its own economy.
Matthew Read, senior analyst at QuotedData, analyses how two different trusts invested in Japan are benefiting - or not - from the country's internationalisation and Shinzo Abe's three arrows reform agenda.
In the second of a two-part series, fund managers reveal how global central bank decisions are impacting investors and their strategies.
Kenichi Amaki, portfolio manager at Matthews Asia, argues investors focusing on Abenomics and GDP growth are missing the 'bigger picture' of Japan capitalising on demand from within Asia.