Asset Management One Co., Ltd.

AMO Japan Market Review September 2023

19th October 2023

Japanese Investment Commentary and Market Outlook September 2023

'Monetary policy trajectory rocks the market'

In September, the Japanese stock market rose initially before retreating and closing lower towards the end of the month. TOPIX 12 month forward PER fell below 14x as 12 month forward EPS rose. In terms of style, value continued to outperform growth. In terms of market capitalisation, mid- and small-cap underperformed large-cap stocks.

  pdf AMO Japan Market Review September 2023

Written by Serge Kasai, Senior Product Specialist, Asset Management One Co., Ltd

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