It’s Time to Buy Japan
Merryn Talks Money
00:00
The Importance of Return on Capital
There's definitely quite a few companies where you talk to them and they have ROIC targets, which obviously is a Japanese company. Most of companies in Japan have mostly grown their assets and have often struggled to get out of businesses that weren't doing very well. And there could be some businesses that maybe should be owned by private equity or should consolidate with other companies. So these trying to do all those things inside one group is very, very hard. But if we look at Japanese firms, there's definitely evidence that more focused companies have better returns.
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