From Morningstar: 2024-04-08 05:26:00

Japan’s stock market hit record highs, driving by individual companies like Toyota. Morningstar Japan Index holds over 1,000 stocks, with analysts covering 69 Tokyo-listed stocks, 24 of which are undervalued. The quarterly Tankan survey showed strong service growth but manufacturing starting to flag. The yen fell after Japan’s first interest rate rise in 17 years and other global factors are at play. Small- and mid-cap stocks in Japan may catch up due to corporate governance reforms and interest rate rises favoring financial services. Overseas investors should be hedged against potential yen appreciation.



Read more at Morningstar: Are Any Japanese Stocks Still Undervalued?