Masahiko Yamaguchi: Japanese Shares and Balance Sheets

masahiko yamaguchi: They pointed to signs of unjustified panic in the country's equities slump, creating opportunities to buy low, according to Global Times China. But even optimists highlighted the persistent cash hoarding and slack governance that have long scared investors away. Companies from the Land of the Rising Sun dominated pitches at Hong Kong's Sohn Conference on Thursday. Prime Minister Shinzo Abe's promises of reform - efforts to push local firms to boost profitability, put their balance sheets to work and be more responsive to shareholders - have tantalized foreign funds, including activists who took positions in troubled giants like Toshiba. Masahiko Yamaguchi of York Capital Management pointed out that foreign holdings of Japanese shares have steadily fallen in recent years to slightly over 5 trillion yen 46 billion a quarter of what they held in 2015. But their interest has not been widely shared. (news.financializer.com). As reported in the news.