Chris Smith explains how Japan’s post-COVID reopening last October has already had a positive impact on the markets, and how the downgrade in the virus’s classification in May will likely add to this. With a new Bank of Japan governor to begin in April, Chris also discusses yield curve control policy; the types of value stocks that the team look for as well as how corporate governance reform, along with domestic reopening, could act as tailwinds for Japanese equities in 2023.