The Funds objective is Long-term capital growth through investment in small and medium sized Japanese companies. The Company's investment universe is restricted to all Japanese quoted companies excluding the largest 200 measured by market capitalisation. - To maintain a portfolio almost wholly invested in Japan. - To restrict the Company's investment universe to all Japanese quoted companies excluding the largest 200 measured by market capitalisation. - To utilise borrowings to enhance shareholder returns. - To operate a gearing policy for the Company to within a range of 95% to 115% invested. - To invest no more than 15% of gross assets in other UK listed investment companies(including investment trusts).