Japanese gov has been pushing for corporate governance reform for years.
It has drawn lots of attention, but how effective is the result? Several things to watch:
1/ new M&A guidelines – aim to spur M&As. But can real deals happen soon? can these deals not only give shareholder returns, but also easy for acquirers to consolidate/get synergies after the deal?
2/ “Doubling Asset-based Incomes Plan” – aim to let more retail investors buy more stocks. Seem to be a good idea and retail investors can pay higher p/e, but will people just buy more US stocks? will people really buy in the improved corporate quality narrative?
3/ investors communication / forums etc. – maybe can make more info available in english first?
It seems harder to move money (in & out of JP to the US) compared with say HK.