No Stock Market as Undervalued and as Misunderstood as Japan

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Japanese stocks have done very well in 2012 and of course the weakening yen has increasingly more to do with the rally; deservedly so for the people of Japan. Otherwise, and unless Japanese stocks continue to do well, they could become neglected once again. Not necessarily a bad thing for value investors, and regardless of the rally to-date, valuations in Japan remain extremely compelling. Allow me to introduce my book, Investing in Japan: No stock market is as undervalued and as misunderstood as Japan, just released this month.

Within Investing in Japan I discuss the following, among many other points:

  • brief overview of value investing (helpful to those less familiar; hearing its merits is never redundant to practitioners)
  • challenge the conventional wisdom of Japan being on its last leg (a kind way of putting it compared to some others’)
  • comprehensive overview of investing in Japan including various must-know idiosyncrasies
  • the shortcomings of Japan-focused mutual funds and ETFs (as well as the odd marketing of funds to Japanese investors)
  • everything you need to know about ADRs
  • review of select value shops’ investing in Japan and value-focused Japanese funds
  • hedge funds’ activities in Japan
  • discuss the oft-cited matter of low returns on equity
  • share some surprising (positive) information on shareholder rights and corporate governance

Update: Investing in Japan is available print on Amazon and now on Kindle (viewable also on any device or computer with a Kindle reader app/software).