Shinzo Abe; a tragic death but a promising legacy
by Robert White, CFA
— Japanese equities should form an important part of any truly global portfolio today.
Japan has been in the headlines for the sad and shocking death of Shinzo Abe, one of the few truly visionary democratic leaders in modern times. The former Prime Minister was instrumental in transforming Japan’s economic and military ambitions, and while both remain a work in progress, he became a revered figure on the international stage. As investors, we are optimistic about the opportunity in Japanese equities; not only are they cheap, but nascent structural reforms and robust corporate profitability should provide a healthy tailwind over the coming years.
- Global equities rose 0.6% last week
- China responded to US House Speaker Nancy Pelosi’s visit to Taiwan with 3 days of military tests and drills that encircled the island
- Brent crude fell by 14.4% over the week to $94.12 a barrel
- Gold rose 1.4% to $1790.57 per ounce