I own about 8 stocks in JP, seems like every company has been battling with either Yen strength or deflation. That country is in a lot of sh!t when it comes enthusiasm in general. Yen, Deflation, Earthquake. This new (well second coming of Abe) PM's single mindedness and resolve on tanking Yen is that country's last hope.
There is no way they can outsize China's economy and if they continued to sit on a strong Yen, Korea will overtake them in every industry. With a country that has a lot of built in fear, lack of Vita (aging and lowest birth rate on record), it's hard to see why anyone would rally behind Nintendo, itself an aging company. Just look at the damn age of the executives. When you add Senior to Managing, or Senior to Chief, that just means you should have retired when you first became eligible 20 years ago.
The rise is just no more than sellers having concuded their position clearing. Without an overwhelming reason to stay in, Nintendo will lose institutional interest. And with their dropping market cap, and the market perception of a dwindling video game market, Nintendo's inclusion in Nikkei average doesn't seem as a sure thing as just when the Japan Exchange Group was first announced.
While 3DS finally has gotten that banner year in software lineup in Japan, it makes Wii U the pink elephant in the room. Where are the games?