Last night I sat down with my friends at CNBC Asia to talk a little about the move in the Yen/NIKKEI ( EWJ , quote ) and outlook in Japan.
[caption align="alignright" caption="Tim Seymour"] [/caption]
Tying a ribbon around the conversation: I believe the run in Japan is still in the early stages and the pullbacks should be bought.
Having said that, rhetoric from Abe and Kuroda can only go so far and they will need to deliver on policy that supports smaller business and even larger exporters.
Investors are only just gearing up to play Japan again after the global investor without a dedicated Japan mandate was more focused on emerging markets and resources plays on the margin.
The Japan trade to this point has been large macro funds and Japanese retail.
There is more to go on this trade but you don't need 2 feet today.