Issues
Japan is back as a place to invest some capital for a number of reasons.
Japanese retail investors have cash positions above 50% versus about 15% for Americans.
Japanese corporates have long been criticized for hoarding cash on their balance sheets and low capital expenditures due to cross-shareholdings with sister companies. But over the past 12 months, share buybacks are on track to increase 96% year-over-year, and the reduction in cross-shareholdings has increased by 75% in the last fiscal year.
All this leads us to consider today a second Japanese stock as an Explorer recommendation.
Japanese retail investors have cash positions above 50% versus about 15% for Americans.
Japanese corporates have long been criticized for hoarding cash on their balance sheets and low capital expenditures due to cross-shareholdings with sister companies. But over the past 12 months, share buybacks are on track to increase 96% year-over-year, and the reduction in cross-shareholdings has increased by 75% in the last fiscal year.
All this leads us to consider today a second Japanese stock as an Explorer recommendation.
Updates
As the United States and China reached a 90-day trade conflict ceasefire, markets have responded positively though the deal is not binding and lacks much detail. The S&P 500 edged into positive territory for 2025. A number of Explorer stocks are having very good years.