Japanese value play still has 'long way to run'

AMO says corporate governance reform and rate rises will reduce number of firms trading at discount to book value

Jonathan Stapleton
clock • 2 min read
Japan Tokyo Stock Exchange Credit: iStock/Japan Tokyo Stock Exchange
Image:

Japan Tokyo Stock Exchange Credit: iStock/Japan Tokyo Stock Exchange

The opportunity to invest in Japan’s shares as a value play still has a long way to run, Asset Management One (AMO) says.

The asset manager – which has $489bn (£373bn) in assets under management – said some 40% of Japanese companies traded at a price to book ratio of below one as of June 2025. It said this compared...

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