After over three decades of sluggish inflation and battered company valuations, Japan looks anticipatorily at an imminent recovery. The country’s Tokyo Stock Price Index (TOPIX) finally saw a semblance of its heydays by rallying to its highest level in 33 years. Japanese equities performed spectacularly in 2023 as TOPIX and Nikkei 225 returned 22% and 31% on a year-to-date basis respectively. This compares against the S&P500’s 15% and Stoxx 600’s 7% during the same period. Warren Buffett’s Berkshire Hathaway has also continued to boost its investments in Japan, further fueling the impressive surge in the country’s stock market. Berkshire Hathaway announced on Monday that its average stakes in Itochu (ITOCF), Marubeni (MARUY), Mitsubishi Corp, Mitsui & Co (MITSY), and Sumitomo now exceed 8.5%. Buffett’s investments in Japan, coupled with his optimistic outlook for the country’s future, have brought attention to the improving economic conditions and the implementation of shareholder-friendly corporate governance reforms....