Japan Investment Commentary and Market Outlook August 2023
Asset Management One International Ltd.
International arm of leading Japanese asset management company Asset Management One Co., Ltd. with over $467bn AUM*.
The Japanese stock market initially experienced a decline from the beginning to the middle of the month due to rising long-term interest rates both in Japan and the United States but rebounded towards the end due to less hawkish statement from the Fed and strong corporate earnings. TOPIX 12 month forward PER fell below 14x.