Disappointment seems to be the word most used when describing Japan. Numerous promises of economic change ended with little or nothing changed. Now, however, there is an air of optimism and a solid conviction that this time there will be change.
This is the view of co-portfolio managers John-Paul Temperley and Keith Donaldson, who launched the Martin Currie Japanese Absolute Return Fund (ARF) in June 2000, their first equity long/short fund.
The fund now has a nine-year history and has built up