Positive on Japan Stocks, Nikko Asset Management Says

The video discusses the impact of yen volatility on equities, Japan's economic recovery post-recession, and the role of tourism in stabilizing the yen. It highlights Japan's unique position of avoiding recession due to its late pandemic reopening and the surge in auto exports. The video also covers corporate earnings, noting a slight decline but better performance compared to the US. It emphasizes the importance of earnings guidance, which is often conservative in Japan, and the need for analysts to interpret these cautiously.

Why is conservative forward guidance a common practice among Japanese corporations?

What should analysts focus on regarding earnings expectations in Japan?