Fingers crossed for Japan

Japan’s economy is recovering. But what about the markets? Merryn Somerset Webb looks what’s needed to make the Japanese recovery sustainable.

The "recent volatility in Japanese equities has made investing in Japan look risky", says Jupiter fund manager Simon Somerville in a report from his most recent trip to Tokyo. I think we can all agree on that. He then goes on to explain that underneath all the money printing tomfoolery and the huge swings caused by the market's various panics "Japan still offers a real recovery story".

Regular readers will know that I am convinced of the long term strength of Japan. They might also know, but I will mention again for disclosure's sake, that I sit on the BG Shin Nippon investment trust board with Simon, and his comments on his trip do nothing to change my view.

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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.