Understand Japanese equities with clarity.
An independent editorial journal covering Tokyo-listed companies for U.S. and global investors — written one essay at a time, with the data behind every claim.
TOPIX · Dividend Yield2.41%12-month trailing across the broad index. Roughly 80 bp above the S&P 500.
Nikkei 225 · Trailing P/E16.8×Below its 10-year average. Earnings growth, not multiple expansion, is doing the work.
JP Withholding · Dividends10%Treaty rate for U.S. individuals on Japanese dividend income (U.S.–Japan tax treaty).
I.The Cover Story
A monthly analytical feature on the structural forces reshaping Japanese capital markets.
“For the first time in a generation, Tokyo’s listed companies are being judged by what they return, not what they hoard.”
Best TradingView Setup for Japanese Dividend Stocks (2026)
A Tokyo dividend investor on TradingView for Japanese stocks: TSE ticker format, my 12-name watchlist, screener filters, the weak-yen layout, and Premium math.
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By Sora Yamada
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The story of Japanese equities in 2026 is not the weak yen, nor a single blockbuster earnings cycle—it is the slow, systemic conversion of balance-sheet idle capital into shareholder return.
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II.Latest Dispatches