In this episode of Trust Issues, we speak to Masaki Taketsume, manager of Schroder Japan about the investment case for Japan, including his thoughts on corporate government reforms, recent performance, the impact of tariffs and domestic-oriented plays.

00:00 Introduction

00:37 Overview of investment approach

02:34 Current portfolio weightings

03:19 Potential for domestic plays

04:16 Recent performance

05:31 Thoughts on currency risk

06:35 Impact of tariffs

08:23 Update on corporate governance reforms

10:45 Pushing for further reforms

11:33 Quality of listed universe

12:16 Most exciting opportunities

13:15 Further information

13:34 Risk warning

Our latest note on SJG - https://www.trustintelligence.co.uk/investor/articles?fund_id=38

SJG website - https://www.schroders.com/en-gb/uk/individual/funds-and-strategies/investment-trusts/schroder-japan-trust/

Please note that this podcast was recorded on 1 July 2025.