Suga or Suga-free, Japan's corporate governance reforms are not for turning

Tokyo stock exchange undergoing changes

Japanese PM Yoshihide Suga surprised the world last month with the news that he would not be running for re-election as leader of his Liberal Democratic Party.

At the time, many highlighted that Suga's replacement could greatly increase the LDP's chances of winning Japan's next general election while also boosting economic stimulus.  And, as a result, the country's Nikkei index quickly rocketed to its highest level since mid-April while the Topix vaulted to highs unseen since 1990. As investors, we of course recognise that any leadership change will always have an impact on the way a nation and the companies within it are run. However, in this case, we believe that one area that will likely remain outside the influence of Suga's replacement, Fu...