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Significant value waiting to be unlocked in Japan
SHARE THIS The COVID-19 pandemic has triggered changes in Japan that would have taken many years to initiate in less turbulent times. We believe there is significant value to be unlocked under such circumstances.
https://emea.nikkoam.com/articles/2020/significant-value -
Japan Equity Monthly - June 2021
SHARE THIS We discuss what global inflation could mean for Japan, with the country having struggled extensively with deflation; we also assess the BOJ‘s plan to boost funding for mitigating climate change and what that could mean in the longer run from...
https://emea.nikkoam.com/articles/2021/japan-equity-monthly-june-2021 -
Japan Equity Monthly - December 2020
SHARE THIS We look into the potential economic impact of Japan’s attempt to become carbon neutral. We also analyse why Japan’s fiscal condition draws little attention although the country is on course to spend a record amount in its upcoming budget.
https://emea.nikkoam.com/articles/2020/japan-equity-monthly-december-2020 -
“Bold and fundamental changes” to Japan’s NISA a positive driver for Japanese equities
SHARE THIS Changes to Japan’s domestic tax-free savings scheme – the Nippon Individual Savings Account (NISA) –are expected to deliver an increased flow into mutual funds both international and domestic, and attract a younger generation of investors in...
https://emea.nikkoam.com/articles/2023/2310-bold-and-fundamental-changes -
Japan Equity Monthly - May 2021
SHARE THIS We explain why corporate earnings in FY21 are expected to begin reflecting recovering confidence among Japanese companies as vaccine rollouts gain momentum. We also look into the BOJ’s trial run for a digital yen and the impact such a...
https://emea.nikkoam.com/articles/2021/japan-equity-monthly-2106 -
Climate change solutions in Japan
SHARE THIS The climate change crisis we are witnessing presents both challenges and opportunities. Focusing on the latter from an investment perspective, in our view asset managers are in a position to help facilitate society’s goals of reducing GHG...
https://emea.nikkoam.com/articles/2023/2309-climate-change-solutions-in-japan -
Japan’s pivotal improvement in risk premium
SHARE THIS Japan’s long history of undercompensating equity investors, a legacy of deflation, is coming to an end with its risk premium now achieving parity with that of the US. This historic shift is being driven by rising dividend payouts ratios,...
https://emea.nikkoam.com/articles/2024/japans-pivotal-improvement-in-risk-premium-2024 -
1308 - Listed Index Fund TOPIX
SHARE THIS The Fund invests in shares of the component stocks in the Tokyo Stock Price Index (TOPIX) and structures its portfolio in line with the TOPIX calculation method. As a rule, by maintaining this portfolio structure, the Fund seeks to achieve a...
https://emea.nikkoam.com/etf/1308-topix -
Corporate Japan looks healthier now than it has ever been
SHARE THIS Japan’s deflationary era was more than a lengthy period of declining prices. It also brought about profound yet rational changes in corporate behaviour. That ingrained desire from companies to hold onto cash and rein in spending may take...
https://emea.nikkoam.com/articles/2024/corporate-japan-looks-healthier-now-2024 -
Japan’s “Show Me the Money” Corporate Governance: 2Q Positive Profit Surprise
SHARE THIS The just released 2Q CY21 data on aggregate corporate profits in Japan was surprisingly positive, as the overall corporate recurring pre-tax profit margin surged relatively near its record high in the 3Q CY18.
https://emea.nikkoam.com/articles/2021/japan-show-money-corporate-governance -
Japan’s “Show Me the Money” Corporate Governance: 3Q Record High
SHARE THIS The just released 3Q CY21 data on aggregate corporate profits in Japan was very positive, as although for the single quarter, the overall corporate recurring pre-tax profit margin declined from the 2Q, as it does routinely for this...
https://emea.nikkoam.com/articles/2021/japan-show-money-corporate-governance-3q -
Why households are key to the next phase of Japan’s “virtuous circle” of reflation
SHARE THIS Japanese households, long under-invested in financial markets, are expected to play a significant part in the country’s “virtuous circle” of reflation as they seek returns capable of keeping up with inflation.
https://emea.nikkoam.com/articles/2024/why-households-are-key-to-the-next-phase-2024 -
1330 - Listed Index Fund 225
SHARE THIS The Fund seeks to achieve a NAV that closely correlates with the movement of the Nikkei 225 by investing in shares of the component stocks of the Nikkei 225, and maintaining, in principle, a portfolio constructed consistent with the...
https://emea.nikkoam.com/etf/1330-nikkei-225 -
Japan Equity Monthly - September 2021
SHARE THIS We provide an update of Japan’s political calendar as the new Prime Minister Kishida leads the ruling party into a 31 October general election, which could have a significant market impact. We also discuss what the recent China-related...
https://emea.nikkoam.com/articles/2021/japan-equity-monthly-september-2021 -
Global Investment Committee’s 12-month Outlook: Continue risk-positive, especially for Japan
SHARE THIS Out of the six scenarios presented, a solid majority of our committee agreed again on a positive scenario, in which the global economy matches the market consensus for very strong growth, while equities continue to rally.
https://emea.nikkoam.com/articles/2021/global-investment-committee-outlook-2107 -
Japan’s “Show Me the Money” corporate governance: 4Q profit margins hit record high
SHARE THIS This is the “swan song” of this report, which comes at an appropriate time because it was always meant to prove to readers that corporate governance, and the overall case for investing in Japanese equities, was sound. Now that the market’s...
https://emea.nikkoam.com/articles/2024/japan-show-me-the-money-corporate-governance-4q -
Japan Equity Monthly - February 2021
SHARE THIS We assess the factors that enabled the Nikkei to rise above the 30,000 threshold for the first time since 1990; we also view the recent Robinhood frenzy from a Japanese market perspective.
https://emea.nikkoam.com/articles/2021/japan-equity-monthly-february-2021 -
Japan’s “show me the money” corporate governance: 4Q record high
SHARE THIS The just released 4Q CY21 data on aggregate corporate profits in Japan was very positive, with the overall corporate recurring pre-tax profit margin hitting a record high on a four quarter average.
https://emea.nikkoam.com/articles/2022/japan-show-money-corporate-governance-4q -
Japan equities poised for further gains along with a turnaround for value
SHARE THIS In February 2021, Japan’s Nikkei Stock Average reached JPY 30,000 for the first time in over three decades. We believe that equities will keep rising, and that amid this shift in the broader market Japanese value stocks are on the cusp of a...
https://emea.nikkoam.com/articles/2021/japan-equities-poised-for-further-gains-along-with-a-turnaround-for-value -
Capital efficiency initiative in Japan highlights market opportunity
SHARE THIS Japan’s corporate governance reform started nearly a decade ago is an ongoing process, but it received a boost from the Tokyo Stock Exchange’s latest initiative in January. The latest chapter in corporate governance reform coupled with...
https://emea.nikkoam.com/articles/2023/capital_efficiency_initiative_in_japan_highlights_market_opportunity
