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In Japan, ROE becomes the acid test

With a stewardship code in place, asset managers and activist investors are engaging managers on improving performance

Published Tue, Jun 23, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Tokyo

    AFTER almost three decades of investing in Japanese stocks without pushing companies for higher returns, Naoki Fujiwara says it's finally time to change.

    The Tokyo-based fund manager, who oversees about US$6 billion for Shinkin Asset Management Co, now brings up return on equity whenever he meets executives. Failure to do so might lose his fund investors.

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