All Japan articles
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White papersJapan for the Long Haul
Don’t let recent market volatility distract from the long-term fundamentals. We think another stage of growth is likely on its way.
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White papersJapan’s Cold Storage Boom: A Flurry of New Investment
The Japanese logistics market has transformed drastically over the past 15 years, and investors have benefitted.
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White papersA new phase for Japanese equity investment
Factors such as persistent yen depreciation and short-term, stimulus-oriented fiscal measures have historically played a significant role in shaping valuations and investment styles in Japanese equities. However, signs are emerging that these structural premises are gradually changing.
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White papersReforms and reflation: unlocking Japanese equity upside
The Japanese equity market has underperformed for many years and has traded at a lower price-to-book (P/B) valuation than global peers. This discount has been warranted because return-on-equity (ROE) has been lower, reflecting an inflated denominator: balance sheets are overly large.
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White papersJapan’s Paradigm Shift
A landslide electoral mandate could speed up reforms, support domestic demand and push corporate cash into higher returns—key ingredients for a more durable re-rating of Japanese risk assets.
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White papersTakaichi’s landslide: Japan’s fiscal renaissance begins
With the LDP winning a two-thirds supermajority in the Lower House, ‘Sanaenomics’ has secured public endorsement.
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Asset Manager NewsHeitman Acquires Nine Asset Residential Portfolio in Fukuoka, Japan
Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of a nine-asset residential portfolio in Fukuoka, Japan.
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Asset Manager NewsHeitman Acquires Tosu Central Distribution Center in Fukuoka Logistics Hub
Heitman LLC (“Heitman”), a global real estate investment management firm, today announced the acquisition of the Tosu Central Distribution Center (“Tosu Central DC”), located within one of Kyushu’s prime logistics hubs.
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White papersJapan bond yields on the rise
Yields on Japan’s two‑year bonds touched their highest levels since 2007, on market expectations of a rate hike later this month. While the short end (2‑year) is more sensitive to policy‑rate moves, yields on 10‑year and 30‑year bonds have also risen amid concerns about the government’s expansionary fiscal policy and high public‑debt levels.
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White papersMacro brief: Ten talking points on Japan for 2026 and beyond
The October election of Japan’s first female prime minister promises to bring greater dynamism to society. All eyes are now on Sanae Takaichi’s focus on more expansionary fiscal and monetary policies.
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White papersJapan’s Fiscal Reset: Responsible Expansion in a New Political Era
As policy priorities evolve, Japan’s focus on “responsible fiscal expansion” could reshape bond dynamics.
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White papersMacro Brief: Can Korea follow in Japan’s footsteps to unlock shareholder value?
Over the past decade, shareholder returns in Asia have lagged behind the US, driving capital and attention westward, and highlighting the need for change.
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PodcastPivot Points: Rediscovering Europe, Japan and Emerging Markets
Amid shifting global market currents, investors are reassessing where the most compelling opportunities lie beyond the US. Shifts in earnings trajectories, valuation dispersion, and evolving policy signals are reshaping the risk-reward across regions and asset classes, prompting a fresh look at how to balance exposures.
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White papersJapanese politics: Brinkmanship or break-up?
The Komeito Party’s announcement of its withdrawal from its 25-year coalition with the Liberal Democratic Party (LDP) has caused political uncertainty in Japan. Carl Vine, Co-Head of Asia Pacific Equities, explores historical precedents and considers the potential political and market implications of this split.
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White papersJapanese dividends: The trend is your friend
Dividends in Japan have been growing in the past decade, and the trend is accelerating. Carl Vine, Co-Head of Asia Pacific Equities, explains why dividend growth is a compelling element of the Japan “reform” story – and why he believes the trend is set to continue.
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White papersMarket Snapshot: Japanese stocks rally on election result
Market Snapshot is a weekly view from our portfolio managers, offering sharp, thematic insights into the trends shaping markets right now.
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White papersJapanese markets await clarity on leadership
Japanese equities hit a new record in October following the election of pro-business Sanae Takaichi as the leader of Japan’s ruling political party (LDP). However, the dust hasn’t fully settled as the long-term coalition between LDP and its partner Komeito broke down on Friday. Markets were expecting that if confirmed as PM, Takaichi’s policies to increase government spending could boost the country’s economic growth. On the other hand, the yen weakened on worries that the push for higher spending could negatively affect the government’s financial situation.
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White papersJapan’s corporates are sitting on a potential $2 trillion real estate treasure trove
Japanese companies hold vast real estate assets, which are typically misvalued on their balance sheets. Carl Vine, Co-Head of Asia Pacific Equities, and William Montgomery, Senior Asia Pacific Equities Analyst, explore the often overlooked property treasure – potentially worth US$2 trillion – on Japan’s corporate balance sheets and ask who stands to benefit when it is unlocked.
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White papersJapan senior living – Capitalizing on structural trends
Japan has emerged as one of the top three commercial real estate markets in the world, as a result of structural economic reforms, monetary expansion and flexible fiscal policy.
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VideoWhat’s next for Asia ex-Japan?
Jonathan Pines, Head of Asia ex-Japan, explores the bright spots emerging across the region. What’s driving the team’s approach as they look to H2 and beyond? Selective positioning in China’s A-share market, momentum from recent South Korean governance reforms, and a tactical underweight to Taiwan are all anchoring our outlook.
