Where is Japan on the path to improving shareholder value?

Transformed corporate culture

Henderson fund manager Ben Lofthouse gives his views on the progress made in transforming Japan's corporate culture and the impact for investors, as well as suggesting where improvements could happen in the future.

Dividends from Japanese companies grew rapidly in 2015 in local currency terms and the recent strengthening of the Japanese yen - which additionally boosts returns for overseas holders of Japanese assets - provided a further fillip to investors in the country. In the first quarter of 2016, compared with the same period a year earlier, dividend growth was 21.1% in headline terms or 10.5% in underlying terms, according to the latest data from the quarterly Henderson Global Dividend Index (HGDI). Why LGIM's Onuekwusi is exiting his Japan trade This is a long-term study into global div...