What are we doing in Japan? The country is still worth investing in, come rain, flood or shine

Deep Dive into Japanese equities

More than a decade ago, my friend and erstwhile colleague Tim Gregory and I travelled to Japan to finalise our due diligence on an increase to Japanese equities across our investment strategies.

We recognised the possibility of suffering another blow at the hands of an ever-disappointing investment market but believed that Japanese equities were now so ludicrously cheap and so unloved that there was surely little downside left. Comgest appointed to SJP Japan in shift to multi-manager approach Tim and I are totally self-deprecating, but not even we expected to be mocked by a Japanese equity fund manager who questioned "what on earth we were doing in Japan" - the graveyard of so many investors before us. We were the first plucky or foolish travellers to visit this fund manag...