Corporate governance in Japan has suddenly become a cause celebre, rousing the world’s third-largest stock market out of decades of lethargy and drawing in hordes of foreign investors. | Reuters
What has prompted investors globally to sit up and take notice is an endorsement from legendary billionaire investor Warren Buffett. Buffett’s firm Berkshire Hathaway Inc increased its stake in Japan’s five largest trading houses and said he may invest more in the country.
Investors say the push for better corporate governance has led companies to be more open to ideas to boost returns and stock prices. Buybacks for shares in the fiscal year ending in March hit a 16-year peak, according to calculations by Nikkei newspaper. Foreign investors have also noted the change. Foreign investors purchased about 1.59 trillion yen worth of Japanese shares last week, their biggest buying since at least 2018. The iShares MSCI Japan ETF, is up 8 percent in 2023 and saw inflows of $346 million in the week of April 5, its biggest weekly inflow in 18 months.
“Clients aren’t doing trips out there to discover huge value stories because they tried that for decades, it has been cheap for decades and cheap doesn’t mean anything.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets swing as inflation, rates worry investorsAsian markets fluctuated Thursday following a tepid performance in New York and Europe as traders fret over the inflation outlook and central bank plans to hike interest rates to tame rampant prices. ManilaBulletin
Read more »
Suspect in attack on Japan PM had sued government over election – YomiuriSuspect Ryuji Kimura claims Japan election law violates the Constitution, which stipulates equality under the law among other provisions.
Read more »
Japan to evacuate its citizens from SudanJapan is preparing to evacuate its countrymen from Sudan, the government said Wednesday, the first nation to publicly announce plans to pull its citizens from the conflict-hit country. ManilaBulletin
Read more »
Japan to evacuate its citizens from SudanJapan is preparing to evacuate its countrymen from Sudan, the government said Wednesday, the first nation to publicly announce plans to pull its citizens from the conflict-hit country.
Read more »
Japan’s March visitors at post-COVID high, lured by cherry blossomsVisitors to Japan surged in March to their highest after the COVID-19 pandemic, official data showed on Wed., with overseas tourists flocking to see the nation’s famous cherry blossoms for the first time in four years as travel curbs eased. CDNDigital
Read more »