NEW YORK/TOKYO -- Investors who press management to unlock value for shareholders have taken a renewed interest in Japan, a once-fruitless market that has become one of the most promising for bargain hunters.
Activist investors held roughly 3.4 trillion yen ($31.1 billion) worth of Japanese shares at the end of 2019, twice as much from when the corporate governance code was introduced in June 2015, according to data from Nomura Securities.
