Emboldened by regulatory pressures, shareholders are also clamping down on poor corporate governance. Rising shareholder activism is witnessed in the growing number of Japan-focused activist hedge funds over the past ten years which drove the number of shareholder proposals submitted by activists this year to increase by 60% year-on-year. Deep reforms of the Japanese equity markets to bolster investor confidence culminated in global names to flock towards Japan. Esteemed funds like Elliot Investment Management have indicated interest to expand coverage of Japan, while venerable investors such as Warren Buffett has increased Berkshire Hathaway's holdings in Japanese companies. Basking in the limelight, it is no wonder Japanese stocks have enjoyed a great 2023.