Buybacks in Japan Have Been on Fire, Says CLSA’s Smith

The video discusses the current earnings season, highlighting the significant increase in share buybacks by Japanese companies, which are up 96% year-on-year. It explores Japan's economic success, driven by EPS growth and reduced financial leverage. The video also examines the renewed interest of foreign investors in Japan, despite the yen's stability, and the correlation between foreign investment and BOJ activities.

What is the current trend in the Japanese market despite companies cutting their guidance?

• The market is declining.

• The market is stable.

• The market is shooting up.

• The market is fluctuating.

What financial strategy have Japanese companies recently embraced due to their cash-rich status?

• Increasing debt

• Share buybacks

• Reducing dividends

• Mergers and acquisitions

What percentage of net profit did Japanese companies allocate to dividends and buybacks last fiscal year?

• 55%

• 40%

• 70%

• 25%

How have foreign investors' actions correlated with the BOJ's activities?

• They have opposed BOJ's actions.

• They have correlated with BOJ's buying and selling.

• They have been independent.

• They have ignored BOJ's activities.

What is the current state of the yen in relation to Japan's profits?

• The yen is weakening significantly.

• The yen is stable and not likely to weaken much.

• The yen is strengthening significantly.

• The yen is fluctuating unpredictably.