There is no doubt companies' sales and earnings are being hit across Japan.
UK equity funds worst hit
Japanese equities under the microscope
Japanese equities have been sensitive to weaker global industrial demand over the past 12 months, but we expect the earnings impact from the ongoing slowdown to bottom out by the end of this fiscal year.
Why are investors just not that into Japan?
Following Shinzo Abe's re-election as Prime Minister in 2012 and the infamous 'three arrow' stimulus package, the Japanese equity market was a star performer among the world's stock markets in 2013.
Stronger yen will translate into larger current account surplus
Japanese equity markets have been tested by global market volatility so far this year.
Corporate governance improving
Asian stockmarkets also down
Strong start to the year for global equity markets
Review of Shinzo Abe's prized policy