The recently released white paper argues that structural reforms, weak coverage and Japanese-language data create a moat around local information.

Goldman Sachs Asset Management (GSAM) published a white paper titled ‘The Japanese Paradox: A Systematic Path to Alpha’ on 15 May, examining how Japan’s surface-level homogeneity concealed a deeply asymmetric information ecosystem that might offer fertile ground for quantitative alpha. The paper highlighted Japan’s distinct factor DNA, where traditional value strategies  The authors of the report were Hania Schmidt, head of quantitative investment strategies (QIS