Japan: A New Era for Japanese Equities

This podcast episode presents a bullish outlook for Japanese equities based on three key drivers: macro, micro, and multipolar world. The macro driver involves an expected uplift in nominal GDP growth trend, which will benefit Japanese companies by allowing them to lift prices, increase revenue growth, and expand operating profit margins. The micro driver is the improvement in corporate governance, which has been ongoing for almost a decade. The multipolar world driver refers to the geopolitical shift towards a more decentralized global order, which will benefit Japan as a safe haven asset.