Lots More on Why Japanese Stocks Are Surging
Odd Lots
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Vindication of Obonomics through societal and corporate changes in Japan
The success of Obonomics in Japan can be attributed partly to Prime Minister Abe's emphasis on Japan's positive attributes and support for companies to make money. The introduction of the Japan stewardship code and the corporate governance code played a crucial role in improving corporate practices. These changes, along with various other factors, helped Japan recover from economic stagnation caused by natural disasters. Despite the progress, challenges like cross holdings still exist, with Japanese companies effectively being the world's largest long short fund, using equity for cross holdings.
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