Why investors should not ignore Japan

The latter, however, has been trending up again in recent weeks. Overseas investors were massive sellers last year and so far this year too, leaving them quite underweight and vulnerable to positive surprises. Indeed, excluding the recent downdraft, Japanese stocks are about as cheap on a price-to 12-month forward EPS ratio as they have been since the Global Financial Crisis.  China's economic deceleration and trade disputes were the main worries for Japan, as was the weakness in the smartphone and semiconductor industries, to which Japan is a major supplier of equipment and component...