JPMorgan Japanese Investment Trust (JFJ) has a large exposure to companies that are focused on the modernisation of the Japanese economy. The portfolio embraces businesses in robotics, ecommerce, digitalisation, healthcare, and renewables. It also backs Japanese brands and businesses that its managers think are helping the economy adapt to an ageing population. The majority of these stocks exhibit characteristics associated with growth stocks and, as we discussed in our last note, even though J ....