What If... Japan Isn't a False Dawn? 4 Lost Decades Reverse and More
Tobias Harris
Japan ForesightTim Morse
Asymmetric AdvisorsPelham Smithers
Pelham Smithers Associates11:00 EDT / 16:00 BST
June 25, 2024
To receive a copy of the slides, arrange a call or start a trial with any of the speakers, please contact Jonathan Evans
Is real change taking place in Japan or is it another false down? Are promises of reflation, rate normalization, better corporate governance and unwinding of cross-shareholdings going to be realised, and if so what does it mean for the Nikkei? At its 1989 peak bubble, Japanese equities represented 45% of world stock market capitalization vs. 33% for the US, today those figures are 5% and 43% respectively.
Japan can no longer be overlooked, and its 5% weighting looks wrong. Is the weak Yen a problem or a ploy? Has real change been effected and if so, will the reflation trade driven a doubling of Japanese banks? How does Japan stack up on the Tech and AI front? Is the Nikkei doubling since 2020 Covid-lows an apparition or the start of a long-term trend? Join IRF's panel of experts on June 25 to discuss how Japanese politics, corporate governance, equity and economic outlook rate in a global context, and explore some of these critical questions.
Tobias Harris
Japan ForesightTobias is the Founder and Principal of Japan Foresight LLC, a new political risk advisory firm providing timely, forward-looking analysis of Japan's politics and economic policymaking. He also writes Observing Japan, a Japanese politics newsletter on Substack.
Tim Morse
Asymmetric AdvisorsTim founded Asymmetric Partners in 2017 and has 30 years experience in the Japanese equity market across fund management, analysis and sales. A mark of his experience is the fact that he has visited or called more companies across all sectors than any other Japan analyst/salesman in the market today, with 8 years based in Tokyo.
- Japanese Corporate Reform - a ‘Rolling Snowball’ Gathering Pace
- Shift from 'Growth' to 'Value' as Release Catalyst Multiply
- Weak Yen - a Double Edged Sword
- Small Cap Japan the New Contrarian
Pelham Smithers
Pelham Smithers AssociatesGlobal Mining Research offers independent, global coverage of metal and mining companies (about 65 under direct coverage) without conflict of interest. High quality like-for-like analysis of international metals and mining coverage from a small team, highly experienced in financial markets research who previously built out and ran BMO Capital Markets' successful global mining product:
- BOJ Interest Rate Path is Critical for Nikkei Direction
- If 'Goldilocks' Environment Lasts, Japanese Market Upside Substantial
- Headwinds? Demographics, Yield Spread and Banking Politics....