In 2023, as ASEAN and Japan celebrate the 50th anniversary of an official relationship that has fostered trust, regional prosperity and security over the years since its shaky beginnings, the challenge to redefine its goals and purpose is now palpable.
Great power rivalry between the United States and China is forcing choices, about which the region is distinctly uncomfortable. Regional power relativities including that between ASEAN and Japan have changed dramatically over the years. Social and technological change as well as political disruption have injected new dynamics into the relationship. The COVID-19 pandemic also exposed the vulnerability of economic growth in a world of hyper-connectivity and mobility.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.