For many who have experience of investing in Japan, the phrase ‘Japanese Income Growth’ may seem an oxymoron, given the common complaint that Japan doesn’t have a ‘dividend culture’.
And, with a dividend payout ratio that is less than half the long-term average of its peers, perhaps this sentiment is justified. But why did Japan take such a different path to other developed markets with respect to making dividend payments? Can a country really not have a dividend culture?
Baillie Gifford Investment Manager Karen See investigates/discusses.
Capital at risk and income not guaranteed.
This is a Baillie Gifford Paid Post. The news and editorial staff of the Financial Times had no role in its preparation.
