Japan

China
April 2026

A Tale of Two Countries: The Real Estate Crises in 1990s Japan and Contemporary China

Kenneth Rogoff, Yuanchen Yang

Research

51 Pages

The authors compare China’s property downturn with Japan’s 1990s collapse to show how housing busts can drag on growth even without a classic banking crisis.

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Developed Markets
April 2026

Thoughts From the Road: Japan

KKR

Henry McVey

Research

16 Pages

KKR’s Henry McVey shares thoughts from his recent Japan and says the key takeaway is that Japan remains one of the more underappreciated opportunities for active ownership, particularly as higher nominal GDP and structural reform begin to reshape return profiles.

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International Markets
October 2025

Outlook for Japan

Apollo

Torsten Slok, Rajvi Shah, Shruti Galwankar

Research

43 Pages

Apollo published an outlook for Japan and an outlook for private markets.

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Global Macroeconomics
September 2025

Thoughts From the Road: Southeast Asia

KKR

Henry McVey

Research

9 Pages

KKR reflects on recent meetings in Southeast Asia, highlighting strong 2025 equity performance, capital inflows, and demographic tailwinds.

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Markets
May 2025

Schroders Equity Lens

Schroders

Research

54 Pages

Schroders’ May 2025 Equity Lens report highlights a strong rebound in global equities, particularly in Europe, which outperformed the U.S. by 22% year-to-date—the third-best start in over 50 years.

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Markets
December 2024

10 for 10: Themes for the Next Decade

Man Group

Henry Neville

Research

9 Pages

Man Group presents ten secular investment themes expected to shape markets over the coming decade, grounded in geopolitical shifts, structural economic changes, and technological disruption. 

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Markets
September 2024

Activism at Scale in Japan

Verdad

Daniel Rasmussen

Research

4 Pages

Verdad highlights the changes in capital allocation by Japanese companies since the Tokyo Stock Exchange issued a directive last year asking all companies with price-to-book ratios below 1x to issue a plan to get to 1x book.

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Markets
October 2023

Japan: The Land of the Rising Profits

GMO

James Montier

Research

12 Pages

GMO explores why Japanese corporate profits have risen so much without a full shift toward classic shareholder value culture.

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Markets
August 2023

The Light from the East

Carlyle

Jason Thomas

Research

11 Pages

Carlyle explains why Japan’s combination of strong operating earnings yields, very low financing costs, and corporate reform creates a distinctive opportunity set.

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Markets
May 2022

Japan: Value Stocks Versus Value Stocks

Man Group

Jeffrey Atherton, Adrian Edwards

Research

6 Pages

Man Group’s Japan team explores why Japanese value stocks have staged a comeback and why selectivity still matters.

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Markets
January 2022

Japan’s Coming Wave of Reform

Neuberger Berman

Kei Okamura

Research

16 Pages

Neuberger Berman explores Japan’s corporate governance reforms and their impact on capital efficiency and shareholder returns.

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International Markets
March 2021

Japan Value – An Island of Potential in a Sea of Expensive Assets

GMO

Drew Edwards, Rick Friedman

Research

4 Pages

GMO examines the opportunity set in Japanese value equities, arguing that persistent underperformance and corporate inefficiencies have created a deep pool of mispriced assets.

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Markets
May 2019

Japan: Opportunities in the Forgotten Equity Market

Man Group

Teun Draaisma

Research

4 Pages

Man Group makes the case that Japanese equities are a forgotten market despite improving fundamentals and supportive macro conditions.

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