Japan’s economy is up and running, companies are making money and increasingly thinking about shareholders, and now the recent slide in share prices may offer a better entry point.
Japan’s Prime Minister Fumio Kishida complained a few weeks ago[1] that an excess of tourist visitors was pushing some places in the country to their breaking point and that countermeasures needed to be considered. Japan’s capital markets can’t complain about overinvestment by foreign investors, who have tended to avoid the market. But their interest has been aroused recently, not least after Warren Buffett’s activity in Japan came to light in the spring.
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.
