Deep Dive: Look for catalysts of outperformance

As prime minister Yoshihide Suga's term as President of Japan's ruling Liberal Democratic Party (LDP) drew to a close, the leadership challenge and his subsequent resignation in early September due to the poor Covid-19 response, triggered a strong rally in Japanese equities. The MSCI Japan index (JPY) surged by 12.5% from the end of August to mid-September on hopes of better policy support and new dynamics. Japan is turning over a new leaf Many saw this as a reduction in political uncertainty, as it looks more likely that the LDP could maintain a majority in the upcoming general elect...