Institutional Investor interviews the biggest winners, biggest movers, and provides an in-depth understanding of the tactics and strategies employed by the key performers, providing crucial insight into 2011’s All-Japan Executive Team ranking. 2011 All-Japan Research Team: Recovery Slowed, But Not Stopped
Japan will recover from disaster, analysts say — and investment opportunities abound.
After the March 11 Great Eastern Japan Earthquake unleashed havoc, authorities moved to stabilize the economy by injecting 40 trillion yet worth of liquidity into the economy, driving down the value of the currency to keep the nation’s export-oriented economy moving.
The crisis in Japan has created a moment of truth for value investors who have taken an interest in Japanese companies during the last few years. The disaster has forced them to make a decision: stay the course and possibly look for more exposure to Japan, or walk away from what could be a major value trap.
Shares of Tokyo Electric Power Co went into freefall on recently, dropping to a record low as the company announced that it was dumping radioactive water from its damaged Fukushima nuclear power plant into the sea. But while the equity value of the company dwindles, the outlook for creditors is much better, since the company is likely to be absorbed by the public sector.
What are the qualities required of a research chief in the topsy-turvy world of the Tokyo stock market? Patience? Persistence? Steadfastness? Institutional Investor speaks to some of Japan’s top research chiefs for the 2011 All-Japan Research Team.
