Deconstructing Japanese Equity PerformanceFebruary 18, 2014
Over the last last month, Japan has been the worst performing country in the MSCI World index, down on average 5.25%.
MSCI Country Performance
Underneath the surface, the distribution of sector performance shows that while the export-oriented industries have performed poorly recently, the non-export industries have escaped most of the damage.
MSCI Japan Sector Performance
This puts a premium on stock selection as there are only a combined 45 companies in the MSCI Japan health care and consumer staples sectors.
Number of Japanese Companies in MSCI World Index