Japan eyes bull market as stocks ride 33-year high

Effects of corporate reforms

The recent rally of the Japanese stock market to a 33-year high has prompted a significant surge in confidence from fund managers, who are adamant the country has an array of opportunities to offer.

The May 2023 high was still 33% below the record reached in 1989, many managers noted, but Carl Vine, co-head of the Asia Pacific equity team at M&G Investments, believed this represents a "very good chance Japan has entered a long-term, secular bull market". Japan back on investor radars after Buffett increases trading company stakes The reforms introduced by former prime minister Shinzo Abe - also known as Abenomics - created a "tremendous buzz", Vine said, but they took nearly a decade to actually shift the country's economy from an industrial policy-driven one to one based on prof...