Meet Shinzo Abe, shareholder activist – At last Japan has introduced corporate-governance reforms that will make a difference (LINK) Winds of change – The prospects for shaking up Japanese firms have never looked so good (LINK) Comments: I’ve been investing in Japan for a while now. My own bottoms up view is that companies have taken significant steps to improve corporate governance. I’ve seen increased shareholder buybacks and higher dividend payouts from most companies. Change is in the air, and I am quite optimistic on the prospect for Japanese stocks in the coming years. Japan has historically had much lower ROE’s than the EU or the United States. This was partly attributed to the high cash balances (depressing the denominator – Equity). Source: The Economist However, I’ve always thought that having too much cash was a much better problem than being too leveraged. Its my hope that Abenomics ......