Japan Strategy: Looking Back and Looking Forward.

An exhausting year!

What drove the 30% run up in Japanese equities last year and why is important for 2024.

• TSE reforms, China, record profits, taxes, buy-backs and Warren Buffet all played a key part in the Japanese equity market rally that kicked off in Q2
• Entering a period of rediscovery, Japan became the top investment destination in Asia for 2023 but, a lack of ready expertise has led to over-concentrated buying.
• Investors who acted quickly by buying Topix Core 30 names are well positioned for the start of 2024 as others will likely follow.

In this article, the first for 2024, I take a look at the five main drivers of the Japanese equity market in 2023 and consider their relevance for 2024.

Next week, I will look into detail the themes that are likely to dominate this year in Japan.

To read this article, please click HERE

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