The writer is Head of Investments for Japan at Fidelity International
In Japan, the stable and steady expansion since Abenomics was launched nine years ago has felt like a sea change from the 20 years of economic stagnation that preceded it.
The economy added 5m jobs, companies boosted capital expenditure as profits rose and, on the whole, the country has returned to growth. The Nikkei 225 has trebled in value over the past decade.
It is a real turnround story. Yet Japanese equities are an asset class that remains underrated and under-owned by international investors.
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