James B. Rosenwald, III, Chief Investment Officer of Dalton Investments, had a Q&A session with Nikkei Shinbum, and his insights were featured in a Nikkei article on October 15, 2021 (Japan time). In particular, Mr. Rosenwald discussed that corporate governance reform in Japan, one of the key policies of former Prime Minister Abe, remains a critical way to release Japanese companies’ “animal spirit,” improve capital efficiency in Japanese companies and encourage foreign investments in Japan. He also shared his thoughts about a potential increase of the minimum wage in Japan, which is part of Prime Minister Kishida’s initiative, by comparing it to the increase of minimum wages in the States of California and New York and discussing the potential impact on small- and mid-sized companies.
Read the article (subscription required).