When I spoke with Jesper Koll from J.P. Morgan Securities, one particular theme appeared in our conversation: Prime minister Shinzo Abe is an important catalyst—but not necessarily the primary factor—for what is different this time in Japan.
As part of a trip to Japan in early September, I had the pleasure of attending the Mizuho Japan Investment Forum. I had the opportunity to speak with a number of Mizuho’s strategists, including Masatoshi Kikuchi, the Pan-Asia chief equity strategist at Mizuho Securities Equity Research. Below are the most salient points from my discussion with Mr. Kikuchi.
Japan Strategist Roundtable: Nicholas Smith on Tax Policies, Abe’s Popularity and the Overall Market Environment
On a trip to Japan in early September, I had the pleasure of having breakfast with Nicholas Smith, the Japan equity strategist for Credit Lyonnais Securities Asia (CLSA). We discussed Japan’s tax policies, Prime Minister Abe’s popularity and the overall market environment.
The start of 2014 was a challenging time for the Japanese equity markets. But recently things started to perk up. I recently spent time in Tokyo and want to share my observations from the trip.
I had the opportunity to meet with Takeshi Yamada of the Market Intelligence Group at the Bank of Japan (BOJ), and I attended a presentation at the Mizuho conference by Eiji Maeda, the director-general of the Research and Statistics Department.