Japan

'Train is not going off the tracks'

Return of big banks and the end of austerity?

Steady progress in growing per capita income

Average discount narrowest in 20 years

Activist investment approach

Plan to launch ESG ETFs

The stocks to remember – and the ones to forget

New and promising strategies

Thawing of geopolitical tensions behind positive outlook

Japanese equities have been sensitive to weaker global industrial demand over the past 12 months, but we expect the earnings impact from the ongoing slowdown to bottom out by the end of this fiscal year.