struggling with the debt ridden development fund, and goodling for currency reserves.conomists predicting a year on year to decline. a potentially divisive day for japan and its neighbors. shinzo abe is expecting to make n address on historic relations with asia and outline his future view. china once and to apologize for militarism in the 20th century. topics, heading for its first loss in nine days. we have some trade data coming out of japan today. some people saying it is disappointing, but shrug it off. what do you think? >> the micro data in japan, i do nothing that will cause much variation in the markets. what is important for japan is two things. the delivery of earnings which has been spectacular, relative to the u.s., europe, and everywhere else in the world. and secondly, the yen. the yen has been trading on the weaker side, rather than the strong side. tomatoes are the two main drivers of this. >> is this why you think that the opportunities are there? >> yes. we are overweight in japan. as far as the u.s. is concerned, we have bought the down a lot. japan