Home / Deeper Thought / Japan equity in focus: Amundi

Japan equity in focus: Amundi

A recovery in profits, strong incentives from the TSE for companies to improve capital efficiency and a shift out of deflation is boosting a market rerating in Japan.
Deeper Thought

Japan’s equity market is at a historical high in total return terms and in price return terms it is at its highest level in almost 34 years. It was one of the top performers in 2023. The TOPIX (Tokyo Stock Price Index) gained +25% compared to +20% of the MSCI ACWI. According to Amundi, Europe’s largest investment manager, this robust performance is unlikely to be replicated with the same strength in 2024, but the outlook for the market remains favourable.

Investor Strategy News




  • Print Article

    Related
    Global fixed income allocations already include EM debt –why allocate separately?

    The most widely followed global fixed income index includes emerging markets, but asset allocators looking to get full and meaningful exposure to the structural opportunity may need something different. The mighty ‘Global Agg’ Over the 50 years since they were conceived, Bloomberg’s Fixed Income Indices have grown to become a dominant force in fixed income…

    Investor Strategy News | 23rd Feb 2024 | More
    Are central banks already taking a victory lap?

    Franklin Templeton Fixed Income team believes growth projections for the United States will continue to improve as a “soft landing” becomes the most likely outcome, while other economies may face harsher conditions. 

    Investor Strategy News | 5th Feb 2024 | More
    2024 Franklin Templeton market outlook: Flexibility, resilience and opportunity

    We expect markets to experience many storms in 2024. Portfolios that bend but don’t break are best suited to provide the resiliency for what lies ahead

    Franklin Templeton | 18th Dec 2023 | More
    Popular