Japanese stocks have experienced a remarkable year in 2023, recording one of their best performances in recent memory. The Nikkei 225 index surged by an impressive 28%, outperforming the S&P 500’s rally of 24%. In addition, Japan’s stock market benchmark reached its highest level since 1990. These gains were driven by a combination of factors, including a weaker yen and corporate reforms that generated significant investor optimism.
One notable endorsement of the Japanese market came from billionaire investor Warren Buffett, who increased his stakes in the five major Japanese trading houses and personally visited the country to show his support. The trading houses in question are Mitsubishi, Mitsui, Itochu, Marubeni, and Sumitomo.
The positive momentum from 2023 has carried into the early months of 2024. The Nikkei has already surged more than 8% year-to-date and is inching closer to its all-time high set in 1989.
Japan income fund, JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.