DIAM International

After an exodus of global investors from the Japanese stockmarket, disappointed by seemingly stalled reforms and a reverse of the dollar-yen exchange rate, which dampened earnings momentum for many exporting companies, it seems there are now opportunities...

The Japanese yen hit a multi-year low of ¥125 to the dollar in June last year, a significant 40% decline from its peak of around ¥75 in October 2011. As a result, the weak Japanese yen drove corporate earnings to record highs in the last few years.