Monday Macro - Focus on Japan

Digging deeper into the second most important equity market globally and why it’s still good value. I'm still overweight Japanese equities in my asset allocation.

Global investors pay tremendous attention to the US equity markets. In contrast, UK investors are naturally perplexed by our own underperforming market. But what should we make of the world’s second-most valuable stock market, Japan?

Equities quoted in Japan comprise 4.93% of the global MSCI ACWI index, towering over the UK with its 3.2% share. As we’ll …