William Littlewood, manager of the £798m Artemis Strategic Assets fund, explains why he is bearish on Japanese bonds but favours Asian currencies, and why he is not buying miners.
Artemis' William Littlewood is running a "significant" short on Japanese government bonds in the view they will be damaged by Japan's high public debt.
China has eclipsed Japan as the world's second largest economy after posting GDP figures of $5.8trn for 2010, beating Japan's $5.474trn.
Dalton Strategic Partnership's global head of asset allocation Andrew Dalton is seeing value in out-of-favour Japanese equities and predicts this year they could perform as strongly as in 2005.
Standard & Poor's has downgraded Japan's sovereign debt rating to AA- from AA as the group expects the country's fiscal deficit to remain high in the next few years.
Threadneedle's chief investment officer Mark Burgess explains why he is selling down emerging market equities and moving from underweight to neutral on Japan.