EICN Tokyo event – 29 Aug 2023 – 08:00-09:30 (GMT +9)Japan’s investment revival: Unlocking opportunities in the decade aheadJapan could be on the cusp of a promising decade of increased FDI, supported by resilient domestic consumption, political effectiveness, and technological readiness. Join us for an exclusive event in which a panel of experts will examine implications of this newfound enthusiasm for businesses in Japan and how will it benefit country heads in Tokyo who can now justify the claim that growth is in sight. As Japanese assets are purchased by foreign investors, will this trickle down to long-overdue improvements in corporate governance, such as the seniority promotion system and tepid wage growth? Register for this event
About the eventJapan’s investment scene is fuelling excitement across business media. On June 13th, the Nikkei 225 crossed the symbolic milestone of 33,000 yen during trading hours for the first time in 33 years. By early July, the index value was holding steady. Semiconductor and electronics companies are driving the upward trend as lavish public spending in the high-tech industry starts to pay dividends. Under PM Kishida, 2 trillion yen over two years has been earmarked for chip technology support, including a 476 billion yen subsidy for TSMC’s new facility in Kumamoto. There are other factors at play that have sparked this renewed interest in investment in Japan. A cheap yen – once again approaching the 150 per dollar mark – makes acquiring Japanese stocks a tantalising prospect. Western capitalists, such as Warren Buffet, have drawn attention to the long-term stability of Japanese assets, especially as the US once again dodged an otherwise catastrophic debt-ceiling collapse. Japan could be on the cusp of a promising decade of increased FDI, supported by resilient domestic consumption, political effectiveness, and technological readiness. Join us at this event to hear more about what we see as one of the most promising developments in Japan’s business world.