Robert McKillop Quotations

There is little difference between the philosophies of the government and the opposition. If the market was weak on a DPJ victory, this may be seen as a buying opportunity.

Some of the plays on central Tokyo were starting to look quite expensive, and we diversified as a way of trying to pick up some Nagoya and Osaka exposure.

The properties within the hotel REIT are of a good quality and the yield looks attractive.

My biggest concern is that this is just the tip of the iceberg. If it does turn out to be a widespread problem, then you will get a widespread loss of confidence by consumers.

We expect to see some acceleration in recovery in areas like downtown Tokyo. This seems like a sensible time for strong-balance-sheet real estate companies to take what could be a golden opportunity.

From a symbolic perspective, this is a very important election for Japan as a victory for Koizumi and the coalition would be the most powerful signal yet that the economic model in Japan will change. Ultimately the economic cycle will prove a more significant driver of share prices.

A little bit of inflation is very good for Japan and very different from the way you view it elsewhere,

The yields on offer are very attractive versus the local bond yield, especially compared with the U.S. or Australia.

Mitsubishi UFJ is aware it lacks investment-banking scale and is trying hard to grow. If this doesn't meet expectations, I would not be surprised if they decided to go down the acquisition trail.

Positive surprises are still possible in areas such as banking. Major banks have largely eliminated their non-performing loan problem.