Investors eye Japan earnings season
Japan's corporate earnings season is underway and the country's benchmark stock index is down by more than 10% this year.
Investors have been concerned that the recent increase in Japan's consumption tax, which jumped from 5% to 8% in April, may hurt domestic demand and dent profits at leading firms.
At the same time, a weak yen - driven low by the government's aggressive economic stimulus measures - has also failed to boost exports.
Despite all that, Tokyo-based hedge fund adviser Ed Rogers told Rico Hizon he's optimistic of a long term recovery in domestic consumption in the world's third-largest economy.