276. Japan’s resilience and debunking deglobalisation

Delve into Japan's economic landscape and its place in the world with Sam Perry, manager of the Pictet Japanese Equity Selection fund. Sam gives a critical examination of the perception of deglobalisation and its impact on Asia and Japan, before shifting to Japan's unique economic environment and newfound – and welcome - inflation. We also consider how Japan's recent economic stimulus and policies have shifted the narrative, with increased investment opportunities and economic growth, the “inefficiency” and misconceptions of the Japanese equity market and the long-term prospects for the car industry in Japan. What’s covered in this episode: Why the globalisation genie is already out of the bottleHow US/China tensions influence Japanese companiesWhy iPhones will never be built in the USThe reshuffling of supply chains and what that means for Japanese companies What a pair of Jeans can tell us about the cost of labourA brief history of Japanese banks and inflation ratesWhy inflation in Japan is so different from the US or UK todayCan outperformance in Japan continue? How Japanese companies are coping with rising costsIs the Japanese market the most inefficient equity market? Why under-researched Japan provides opportunities for active managersWhy the Pictet Japanese Equity Selection fund doesn’t have a style biasThe opportunity in car manufacturers today The strength in Toyota’s battery technologyMore about the fund: The Pictet Japanese Equity Selection strategy is a focused approach that commits to long-term investments in large and mid-sized enterprises. Employing a blend of market evaluation and in-depth company analysis, the fund manager identifies Japanese firms that actively endorse strong environmental and governance standards while presenting promising growth potential at an attractive valuation.<br/><br/>Learn more on fundcalibre.com<br/><br/>Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.