Arcus Investment's co-founder: Japanese renaissance

The 10% stakes he took in all five of Japan's major trading houses are by far his largest position outside the United States. Why Japan and why now? The reasons are diverse and complex, but they boil down to the fact that the long series of cultural and institutional changes that have taken place in the investment, corporate and monetary policy spheres are finally bearing fruit. Bank of Japan holds off on raising negative rates Most obviously, profit margins have more or less doubled in the last decade as underperforming business lines were cut and stronger divisions prioritised...