Thanks a lot for this nice article. Do you think japanese tourism industry will continue to expand in the coming decade? Are there any good japanese tourism companies to invest in?
You cannot consider the growth rate of spending without considering the growth rate of assets invested overseas. Maybe this cash flow from abroad will grow through compounding?
Thanks a lot for this nice article. Do you think japanese tourism industry will continue to expand in the coming decade? Are there any good japanese tourism companies to invest in?
Thanks for the comment! I do like the Japanese tourism story, although geopolitics and currency (yen) are risks to watch for. My favorite one is Kyoritsu Maintenance which I've written here. https://www.eastasiastocks.com/p/kyoritsu-maintenance-9616-part-1
You might also want to check out names like Japan Eyewear Holdings which is benefitting from demand by tourists.
You cannot consider the growth rate of spending without considering the growth rate of assets invested overseas. Maybe this cash flow from abroad will grow through compounding?
Thank you for point it out, that's a fair point. I suppose it's worth digging further into those reinvestment rates for overseas investments.