PBR < 1 Discount

Japan Cross-Shareholding Unwind 2026: What the Record Sell-Off Means for U.S. Investors

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I’ve been watching the 持ち合い解消 (cross-shareholding unwind) story build for three years now, and what’s happening in 2025-2026 finally feels different — the Japanese-language FSA supervisory guidelines and TSE naming-and-shaming data I’ve been reading make it clear this isn’t another false start, and that gap between what’s in the Japanese IR filings and what English-language … Read more

Japan TSE Corporate Governance Reform 2026: Are Companies Finally Meeting ROE and PBR Targets?

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I’ve been watching the TSE governance reform story from Tokyo since the March 2023 disclosure mandate dropped, and what strikes me most is how differently the story reads when you pull the actual Japanese-language filings versus the headline summaries that reach English-language investors — the gap between “companies are complying” and “companies are genuinely changing” … Read more

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