Japan's High-Yield Stocks Often Overlooked by Investors

Brett Moshal, portfolio manager at Orbis, looks at the contrarian opportunities offered by high-yielding stocks in Japan today

External Writer 6 March, 2019 | 1:25PM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Brett Moshal, portfolio manager at Orbis, looks at Japan’s high-yield stocks.

Japan Yield Chart

Value investing — buying cheap stocks — works better in Japan than it does elsewhere, and it works far better in Japan when the spread between cheap and expensive shares is wide. Today, that spread is at its widest level in nearly 20 years.

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