The case for Japan is intact says RCM’s Winchester

Stuart Winchester, senior portfolio manager RCM Asia Pacific, believes Japan is well placed to ride out the storm of its recent natural disasters. He also discusses the implication of inflation in Asia.

Japan is not going to be undone by its terrible natural disasters this year, says Stuart Winchester.

Partly this is due to the relatively strong financial position many Japanese companies found themselves in prior to the event. There is continued optimism on the scope for Asian growth to continue – thus helping Japanese exports through intra-regional trade.

The yen and current equity valuations will help. And then there is the historical evidence from similar previous events that Japanese companies are resilient – for example dealing with the earthquake that struck Kobe in the 1990s.

Winchester points to indicators, such as the type of movement seen in the Topix index mirroring movement seen after the Kobe earthquake as ones that bode well for recovery.

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