IN FOCUS6-8 min read

Japanese shares have hit 33-year highs – but why?

With Japanese stocks scaling heights not seen since 1989, we look at what’s driving them and explain why the Tokyo Stock Exchange has called on companies to enhance their corporate value.

26/06/2023
Photo of Shibuya crossing in Tokyo

Authors

Masaki Taketsume
Fund Manager, Japanese Equities
Taku Arai
Investment Director – Japanese Equities

Chart showing Japan stocks surging but held back by weak yen

Chart showing distribution of P/B ratios in Japanese stock market

Chart showing % of Japanese firms that are net cash

Chart showing share buybacks by year in Japan

Chart showing Japan's inflation rate

Table showing valuations of different regional stock markets

Authors

Masaki Taketsume
Fund Manager, Japanese Equities
Taku Arai
Investment Director – Japanese Equities

Topics

Japan
Japanese Equity
Alpha Equity
Equities
Market views
Investment Trusts

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