Corporate governance is changing in Japan, and equity investors look set to reap the benefits. The new Stewardship and Corporate Governance codes, under Prime Minister Abe’s third arrow of reforms, are driving companies to adapt their behaviour and embrace global standards. The resulting higher profit levels and dividend payouts, as well as steps to introduce independent directors and reduce complex cross-shareholdings, are opening up attractive opportunities for international investors to unlock value in the world’s third largest economy. Though the pace of change is gradual, the outlook is positive as Abe’s vision for a new ‘Corporate Japan’ takes shape and the voice of foreign and domestic shareholders become part of company culture.
Presenting expert analysis and case study insights on how corporate governance reforms are redefining the outlook for investing in Japan, the Financial Times and Nikkei will convene the second in its series of high level gatherings in New York this October. Join investors, issuers, brokers and advisors for a complete briefing on the structural changes happening in Japan’s companies, and how they are impacting equity valuations and investment returns.