Semiconductor shortage: When the chips are down, Japanese companies show the way back up

Deep Dive into Japanese equities

It appears Japan is well positioned to benefit from the global economic recovery. This year, Japanese equities have reached levels not seen for three decades.

Many Japanese companies have shown their resilience in the face of the pandemic, and have the added advantage of proximity to China and other Asian countries where Covid-19 cases have been relatively subdued. These economies also enjoyed the earliest recoveries, generating tailwinds for many Japanese companies that are linked to the growth of the global economy as they are able to earn profits overseas.  Global semiconductor supply chain Changes in the global supply chain of semiconductors is a key issue likely to generate tailwinds for Japanese semiconductor equipment manufacturers...