Is Japan Stock Market Still Worth Investing in 2023? 5 High-Yield Value Stocks
Introduction
The Japanese stock market has been on a tear in recent months, with the Nikkei 225 index reaching a post-bubble high in June 2023. This is due in part to the weak Japanese yen, which has made Japanese stocks more attractive to foreign investors.
High-Yield Value Stocks
In addition to the general strength of the Japanese stock market, there are a number of high-yield value stocks that offer attractive investment opportunities. These stocks are typically trading at a discount to their intrinsic value, and they offer the potential for both capital appreciation and income.
Five High-Yield Value Stocks
Based on the following criteria, we have identified five high-yield value stocks that are worth considering for investment:
- Market: Tokyo Prime Market (TP)
- Market capitalization: Over 1,000 billion yen
- Dividend yield: Over 4%
- PCFR (price-to-cash-flow ratio): Below the average of 7.9
| Price (JPY) | Ticker | PER | PER Change (%) | 1-Year Price Change (%) | 1-Year Dividend Yield (%) |
|---|---|---|---|---|---|
| 2,850.5 | Nippon Steel (5401) | 3.78 | -8.64 | 28.03 | 5.21 |
| 3,145 | IDEC (6652) | 9.03 | -8.44 | 8.6 | 4.13 |
| 1,000 | Japan Post Holdings (6178) | 8.28 | -7.11 | 3.37 | 5 |
| 4,186 | Cosmo Energy Holdings (5021) | 5.16 | -2.31 | 3.23 | 4.5 |
| 4,405 | Oil and Natural Gas Development (1662) | 3.56 | -1.34 | 25.5 | 5.73 |
Conclusion
Investing in high-yield value stocks can be a good way to generate income and growth. However, it is important to do your research and understand the risks involved before making any investment decisions.
Additional Thoughts
In addition to the five stocks listed above, there are a number of other high-yield value stocks that could be worth considering. It is important to do your own research and find stocks that are a good fit for your investment goals and risk tolerance.
The Japanese Economy is Looking Up
There is some evidence to suggest that the Japanese economy is on the verge of a recovery. The weak yen is helping to boost exports, and there are signs that consumer spending is picking up. If the Japanese economy does continue to improve, it could lead to higher stock prices for Japanese companies.
Please make investment decisions at your own risk.
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