I'm a big fan of Japanese stocks this year, largely thanks to the efforts of the Bank of Japan, which is amazingly out of step with the other big central banks when it comes to monetary policy. My pick from Asia Pacific for our Long term portfolio is a big developer of sustainable real estate in Japan, but also dabbles in renewable energy and anime.
This company is a bit of a trail blazer in Japanese real estate. It opened arguably the first true boutique hotels in Japan back in 2017 in Yokohama and has turned this into a very successful business. It also works on smart greenhouses, which it leases out. These look like the next generation for agriculture, as they function off the Internet of Things, allowing them to be optimised remotely.
The stock in Japan has been picking up speed recently. It is up over 23% in the last 12 months. Importantly, it is still trading below five year highs and is only just poised now to cross highs achieved in the immediate post-pandemic blush in 2021.
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