The Japanese stock market had an extraordinary 2023 by several measures. The 28% gain of the benchmark Nikkei 225 last year was its fastest expansion in a decade, while it ended the year at 33,464.17 – the highest tally since the twilight of the Japanese bubble economy in 1989.
The Tokyo Stock Price Index (TOPIX) rose 24% in 2023 through mid-November in local currency terms, its fourth-best annual performance since 2001.
Japanese equities are likely to continue their strong performance in 2024 thanks to broadly favorable market and regulatory conditions as well as the support of some high-profile investors.
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.