Japan’s 40%-to-26% sub-BV Move, the FujiSoft playbook, & $1–2T RE Unlock Still Waiting

At the CFA Society New York event “Japanese Corporate Reform: Unlocking Decades of Undervaluation,” moderator Yoshiko Yamaguchi, CFA (Founder and CEO, Soya Japan) sat down with a panel that covered the Japan trade from four different perspectives: a regulator writing the rules, a foreign activist putting money into Japan, an independent director inside the boardroom, and a Japanese corporate exec telling its own transformation story.

On the panel at the April 14th 2026 event; Haruyuki Yamashita, CFA (Head of Policy Engagement, Tokyo Stock Exchange); Timothy Foley (Founder/Co-CIO, Edwall Management); Amy Shigemi Hatta, CFA (Outside Director, Nomura Holding America – parent Nomura Holdings, TSE: 8604); and Yuko Taniuchi (Head of US Investor Relations, Hitachi, TSE: 6501).

Also see: TSE Exec Haruyuki Yamashita...