The illustration shows four hands in suits taking pieces of a red pie chart, the pie is made of the Japanese flag
2024-09-12 736词 中等
The fruits of reform have been tasty. Mergers and investor activism have surged. Share buy-backs hit a record level in 2023, and Japanese firms have already pledged to repurchase over ¥12trn ($85bn) in their stock in 2024, up 25% on the total for all of last year. Foreign investors have noticed. In the year to August they snapped up ¥4.7trn ($33bn) in Japanese stocks. Warren Buffett, a storied investor, has bought stakes in cheaply valued Japanese conglomerates.
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