Taking a bite out of the FAANGs: Look to Japan for challengers to Silicon Valley

Country's tech reputation an attractive proposition

Over the past decade one of the most profitable investment themes has been digitisation. This trend encompasses almost all industries and sectors, and involves moving the business or products into a digital capacity.

This shift has been accelerated in 2020, with Covid-19 condensing years of technological adoption into months. For example, business and schools had to move operations online, while cash was abandoned and working from home became the norm. Although the distribution of vaccines has begun the adoption of these technologies is likely to continue, making the old practice obsolete.   The tech giants in the US, namely the FAANG stocks, have been key beneficiaries of this shift, with investors piling into the stocks. Their share prices and valuations have subsequently rocketed. However, w...