Sentiment towards out-of-favour Japan is beginning to turn, with the market rising 11% since October, said Sarah Whitley, manager of the £168m Baillie Gifford Japan trust.
Fund manager heavyweights Hugh Hendry and Anthony Bolton have clashed on the outlook for China.
BlackRock's Bob Doll has hit back at those drawing comparisons between Japan and the US, saying the latter has actually learnt from Japan's misfortune.
Lazard's Kevin O'Hare explains why investing in developing economies is the next best play.