Is now a good time to buy into Japan?

Japan is firmly in recovery mode, says MoneyWeek editor Merryn Somerset Webb. So why have Japan’s stock markets suffered so badly in the global sell-off? The bears say it’s because of fears that a US consumer slowdown will hurt the Japanese economy - but does Japan really rely on the US that much?

Visit Japan today and you'll find it booming. Tokyo's restaurants are once again dropping bits of gold leaf into miso soup and its shops are packed with people buying luxury goods as fast as they can be manufactured across the water in China.

Above the Louis Vuitton shop on fashionable Omotesando there is even a private members' shop. You get a key to the lift that takes you up to the penthouse club shop floor where you can buy the stuff other people can't Oscar de la Renta dresses, special edition World Cup Havaiana flip-flops and the like.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.