For over a decade, investors shunned Japan, which had been stuck in an economic quagmire. But reforms have unleashed the world's second largest economy. Andrew H. Shipley's The Japanese Money Tree challenges the stale conventional wisdom regarding Japan's grim prospects, and highlights how foreign investors are making the most of exciting opportunities in Tokyo. He reveals how readers themselves, whether institutional money managers or savvy individual investors, can profit from Japan's economic rebirth.

The Japanese Money Tree reflects Shipley's fifteen years "on the ground" in Japan, sharing the actual experiences of foreign investors operating there. Shipley uncovers immense intellectual property hidden "off the books" at Japanese firms, and explores enormous private equity and hedge fund opportunities emerging in Japan. You'll find new insights into Japan's trading relationships with China, its demographic realities, its new real estate boom, and much more.

Throughout, Shipley offers fresh research and innovative strategies-all brought together in today's most insightful and compellingly readable guide to investing in Japan.

Japan: the world's best investment value
Why global investors are rediscovering Japanese markets

Incredible IP, on the cheap
Unveiling the immense hidden strengths of Japanese firms

The art of cultural arbitrage
How foreign hedge funds are discovering breakthrough opportunities in Japan

Birthrates and Bushido
Uncovering the surprising opportunities in Japan's coming demographic shifts

The birth of high-speed capitalism
How structural reforms are leading to stronger, more profitable enterprises

What investors are saying about the book...

• "Brilliant. No other book combines such insights into the current state of Japanese financial markets."

-Genji Tsukatani, Schroder Investment Management (Japan) Ltd.

• "It's hard to find anything more insightful or a better update on what's been happening in Japan than The Japanese Money Tree. Shipley punctuates his insights with a lot of interesting, authoritative statements from key players. I highly recommend this book especially to the non-specialist reader who wonders 'what might I be missing about Japan?'"

-Frank Jennings, portfolio manager of the Global Opportunities Fund at Oppenheimer Funds

• "Japan's lost decade was bound to end, and Andrew Shipley's book describes the efforts of those who had prepared for a new and better decade even before it was clear that the bad times would end. He focuses particularly on the ability to find Japanese companies rich in intangible assets that will give them an advantage as they compete in the global market, especially against new competitors from China and the rest of Asia. This book is important reading for investors everywhere."

-Rich Mattione, partner, GMO LLC

• "Andrew Shipley, a true "connoisseur" of the Japanese economy, offers exciting insights into the "New Japan". This new book focuses on changes that will bring Japan to the forefront of the Asia's new century."

-Håkan Hedström, senior strategist at Deka Investment, one of the top 3 German asset management companies

What others are saying...

• "Andrew Shipley has written an enlightening, insightful and extremely readable book on how the investment and new finance opportunities of post-bubble, post-deflation Japan are being pursued. This book is "must" reading for any student, practitioner, or professional money manager interested in contemporary Japan ."

-Allen Sinai, Chief Global Economist, Strategist & President, Decision Economics, Inc.

• "Japan's stock market is in the midst of a huge transition from cheap, cash-rich companies to growth stocks with unrecognized assets (patents ect). This book clearly sets out what's at stake."

-Leslie Norton, Barron's

• "Andrew Shipley provides a highly readable account of the new Japan that is finally emerging from a "lost decade" of stagnation, deflation, banking failure, and other problems. Rather than dwelling on faceless statistics, he brings us interviews and stories from the front lines of the economy, where companies and entrepreneurs-both Japanese and foreign-are busily engaged in activities that would have been difficult or impossible only a decade ago. While he provides notes of caution when due, this is a tale of exciting new business opportunities that Americans should learn about."

-Edward J. Lincoln, Director, Center for Japan-U.S. Business and Economic Studies, Stern School of Business, New York University

• "Andrew Shipley has all the tools to assess where and how to make money in Japan's often opaque economy. Part analyst, part financial advisor, part historian, he unravels the complex relationships that have often confounded foreign investors yet hold promise for those willing to focus on Japan. His analysis is born out of experience as a leading economist in Japan, where he worked hard to make connections that other's failed to see.The Japanese Money Tree is for anyone looking to tap Japan's ample resources."

-Ken Belson, The New York Times (formerly in Japan)

About the author

Andrew H. Shipley has worked as an economist at Lehman Brothers Japan, Credit Suisse First Boston Securities (Japan), Schroders Japan, and Westdeutsche Landesbank Girozentrale (West LB). He received a Japanese government scholarship when studying for his master's degree at Waseda University in Tokyo. He lived in Japan fifteen years.

Shipley has appeared on CNBC, CNN, and Reuters Financial TV to discuss the outlook for the Japanese financial markets. His writing has also appeared on the Asian Wall Street Journal op-ed page, and in Institutional Investor, The Nikkei Weekly, and The Daily Yomiuri. This is his first book.

Contact the author

First Name:
Last Name:
Email Address:
Message: