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   Asset Management - Investment Research

Japanese Banks Are CheapóBut for Good Reason
Value investors are being tempted back into the sector, but problems remain.

Key Insights

  • Following the sell-off in global equities in late 2018, Japanese banks are currently trading around their lowest valuations in more than a decade.

  • However, Japanís banking sector continues to face many challengesóand this is duly reflected in the current valuation levels.

  • Japan has one of the most crowded banking industries in the world. Given the highly competitive landscape, profit margins are being continually squeezed.

Read the full report

Japanese Banks Are CheapóBut for Good Reason

T. Rowe Price, Insights on Japanese Equity, March 2019-Archibald Ciganer, Portfolio Manager, T. Rowe Price Japan Equity Strategy