M Idea Japan Equity Strategy | Japan August 6, 2024 08:00 PM GMT Great Reset & Great Volatility TOPIX P/E has tumbled to recession-phase levels. We believe the downturn in share prices will be reversed once the pessimism over the US economic outlook recedes. For now, we recommend choosing stocks from a volatility factor perspective. Key Takeaways The contrasting directions of US and Japanese monetary policy and weakness in US job figures have led to a reversal in the strategies that have prevailed in the ma ...