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The Japanese stock market rallied for six consecutive months in June, with the Nikkei 225 closing above 33,000 on 30 June. Yen depreciation boosted expectations of higher earnings for exporters amidst rising US interest rates. Meanwhile domestic demand is also expected to rise as Japan's wage growth hits its highest level in 30 years.
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Insights
Participating in India’s Growth through Japanese Equity
Tatsuya Suzuki, Chief Portfolio Manager - Japan Quality Growth Strategy
Date: 28th June 2023
SuMi TRUST's Tatsuya Suzuki introduces Japanese stocks that are well positioned to capture the opportunities arising from India's outstanding potential.
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Japanese Travel And Tourism Stocks Shine
Date: 26th June 2023
[EXTERNAL LINK] In this article with Wealth Briefing Asia, Katsunori Ogawa, chief portfolio manager of the Sakigake High Alpha Fund, discusses how Japan's tourism industry is flourishing amidst China's reopening and Japan's removal of travel restrictions following the COVID-19 pandemic. Read about his two stock picks which are well positioned to take advantage of the ongoing tourism boom.
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BOJ Sticks to Ultra-loose Monetary Policy
Date: 16th June 2023
[EXTERNAL LINK] Katsutoshi Inadome, Senior Strategist at SuMi TRUST, recently shared his perspective on the Bank of Japan's decision to maintain its ultra-loose monetary policy at its recent monetary policy meeting.
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Insights
Status Quo Likely the Way to Go – BOJ’s June Meeting
Katsutoshi Inadome, Senior Strategist
Date: 14th June 2023
SuMi TRUST Senior Strategist, Katsutoshi Inadome, shares his thoughts and expectations about the Bank of Japan's monthly meeting.
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Insights
Japanese Equities Show Decreasing Volatility
Katsunori Ogawa, Chief Portfolio Manager - Sakigake High Alpha Strategy
Date: 6th June 2023
SuMi's Coffee Break Column: Katsunori Ogawa, Chief Portfolio Manager of the Sakigake Strategy, explores how Japanese equities have shown decreasing volatility and a high risk-return efficiency in comparison to US equities.
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Insights
Resurrection of Small Caps
Akimichi Oi, Senior Investment Director
Date: 5th June 2023
After several years of Japanese small cap underperformance against their large cap peers, small cap stocks have started to play catch-up from Q2 2023. In this article, Senior Investment Director Akimichi Oi reviews the historical relationship between the relative valuation and performance of small caps against large caps; and displays how its outperformance is likely to continue given the relative undervaluation of small caps.
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Market Review for May 2023
Date: 2nd June 2023
The Japanese stock market reached a 33 year high in May, with the TOPIX index up 3.6% and the Nikkei 225 up 7.0%. The market reacted favourably towards the middle of the month as overseas investors bought up Japanese equities. Meanwhile the market softened towards the month-end as April industrial production fell short of the market consensus.
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Japan's Wage Problem is Coming to an End
Date: 31st May 2023
[EXTERNAL LINK] In this article with Investment Week, Hiroyuki Ueno, chief strategist at SuMi TRUST, discusses how Japan's sluggish wage growth is facing a revival amidst rising inflation and the impact on small and medium sized companies.