Over the past six months, the MSCI Japan Index has only had 9 days where it has finished in the red by 1% or more. This is the fewest number of 1% down days since January 2006 and well below the average of 22 days over the six years. In addition, the MSCI Singapore Index is also experiencing very limited downside volatility. There has only been on day in the past six months when the MSCI Singapore Index has fallen by more than 1%.
Also, since the MSCI Japan Index accounts for the largest weighting in the MSCI Pacific Index, we are seeing a similar trend for the MSCI Pacific Index. Finally, charts of the remaining countries that make up the MSCI Pacific Index are below.