Category: General

Kuroda’s Gameplan

General
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Following Peter's article last December on the Bank of Japan’s ETF purchase programme, this piece assesses Governor Kuroda’s recent statements on the matter and considers the long term implications for inflation, a subject upon which he will be elaborated at the Q1 2021 Arcus Update.

The Bank of Japan’s ETF endgame: how it could gratify small investors

General
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(Dec 2020) Published in the Nikkei Asia within which he considers the Bank of Japan’s longstanding purchases of public equities, the crescendo that took place this past spring and the long-term implications of the central bank’s ownership of such equities both from a market perspective as well as its own.

NTT buys in Docomo: a bullish sign of change

General
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(Oct 2020) Following NTT’s decision to repurchase the one third of Docomo it does not own, Peter considers this a harbinger of a boom in such M&A transactions in Japan.

Enter Mr. Continuity: Abenomics lives on

General
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(Sep 2020) Peter considers the implications of the appointment of Yoshihide Suga to replace Shinzo Abe as Japan's Prime Minister

Buffett buys Japan – The ultimate endorsement of Abe’s legacy

General
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(Sep 2020) Peter considers Shinzo Abe's legacy in the wake of Warren Buffett's decision to invest in Japan's trading companies.

Arcus Valuation Chartbook (Q2 2020)

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Following on from his presentation during our quarterly investor conference last week, Mark shows how value as a style has performed both recently and over the longer term.

Shifting Asian trade alliances in a post-pandemic world

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(Jul 2020) In this piece, Peter Sandham considers the reasons for the UK seeking membership of the CPTPP and what the future holds for this expanding trade alliance.

Turning Japanese

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(Jun 2020) Peter considers further the Coronavirus crisis, its after-effects and how they will differ from Japan’s experiences at the end of the last century despite looking similar at present.

Trade War to Tech War

trade war
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(May 2020) In this piece, Peter Sandham considers the consequences of the anticipated friction caused by the US's new export controls on computer chips made abroad with American IP or equipment.

Japanese governance post-Covid-19: the rules may change, but the game goes on

General
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(May 2020) In this article, Peter assesses Japan’s new national security legislation and explains why, although poorly thought out, it is not as draconian as some commentators believe and will not deter those activist investors who adopt a sensible value-enhancing approach.