Japan Equity Returns Sink to Levels at Start of Abenomics: Chart

Return on equity for companies listed on Japan’s benchmark Topix index fell to 6.8 percent in the quarter ended June, the lowest since the three months ended March 2013, not long after Prime Minister Shinzo Abe took office with plans to make Japan more shareholder-friendly. Lackluster earnings and a lack of sales of cross-shareholdings are behind the decline, according to Mitsushige Akino, a Tokyo-based executive officer at Ichiyoshi Asset Management Co.