![]() ![]() ![]() “There’s long been a lot of undervalued companies in Japan,” Atherton noted. As a result, there has been little incentive for investors to buy the stocks if they don’t believe they can sell them at a higher price later on.Īn electronic board showing the closing numbers on the Tokyo Stock Exchange Kazuhiro Nogi/AFP/Getty Images The problem is that at least half of Japan’s companies have been stuck trading at a ratio of below one for most of the past 20 years. Half of companies listed on the Tokyo Stock Exchange trade at a PTB ratio of less than one, according to Man Group data from February, compared with just 3% of firms on the S&P 500.Ī low ratio means the stock is a bargain. It urged them to come up with plans to boost their price-to-book (PTB) ratios - that is, the firm’s share price relative to its net assets. JPMorgan analysts said last week that the “structural change” taking root in Japan could give the current market rally “staying power.”Įarlier this year, the Tokyo Stock Exchange began telling companies to pay more attention to their stock price. Japanese stocks have received their biggest bump from an overhaul of corporate governance rules that has compelled company executives to improve shareholder returns. Investors say Japanese stocks have benefited from relatively cheap valuations, a long-awaited return of inflation, and a weakening currency.Īn endorsement by Warren Buffett probably didn’t hurt either - the legendary investor told Japanese publication Nikkei in April that his flagship investment firm, Berkshire Hathaway, planned to increase its holdings in five Japanese companies.įoreign investors bought $15.6 billion worth of Japanese stocks last month, the highest monthly amount since October 2017, according to the Japan Exchange Group.įor years, investors have hoped modest rallies in Japanese stocks would translate into a sustained market revival for the world’s third-largest economy, which is also home to a raft of household-name electronics companies and carmakers, like Sonyīut this time, investors tell CNN, really is different. “In my 33 years in the market, things do seem probably more positive now than they’ve seemed at any time in that whole period,” said Jeffrey Atherton, an investment manager at Man GLG, a subsidiary of hedge fund giant Man Group. The indexes have outpaced the United States’ S&P 500 and Europe’s Stoxx 600 benchmark indexes, which have both risen 8% in that time. (N225), which tracks Japan’s blue-chip companies, has leapt nearly 17%. So far this year, the benchmark Topix has jumped almost 14%, and the Nikkei 225 The country’s major stock indexes are trading at highs not seen since 1990, when its infamous asset bubble of the late 1980s was just deflating. Tire & rubber dressing perform better and last longer when they’re able to bond directly to the rubber surface instead of being layered on top of old, crusty dressing applications.Japan’s stock market has waited more than three decades for its moment in the sun. After cleaning, the tire or rubber surface is left completely bare and ready to accept a new dressing application (if desired). ![]() Jay's Heavy-Duty Rubber Cleaner has been formulated to quickly and easily break down the stubborn film that builds up as a result of dirt & grime clinging to the tire.īlended with a unique combination of alkaline-concentrated solvents & surfactants, the high-sudsing formula easily removes silicones, polymers, greases and any other previously applied dressing. Oftentimes, these contaminants are resistant to soap and other powerful cleaning agents. Jay’s Heavy-Duty Rubber Cleaner immediately breaks down stubborn rubber blooming, rinses away clean, and leaves a fresh surface ready for the next dressing application.Įffectively loosen and clean the stubborn contaminants that cling to your tires & other rubber surfaces. Rubber surfaces can easily oxidize and turn an unsightly brown color. ![]()
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