Matthews Japan Fund Comments on Shin-Etsu Chemical

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Apr 23, 2020

We also initiated a position in Shin-Etsu Chemical Co. (TSE:4063, Financial), a leading manufacturer of semiconductor wafers and polyvinyl chloride (PVC). While basic materials are affected by economic downturns, we believe the company's low cost base and sound balance sheet provides resilience.

From Matthews Japan Fund (Trades, Portfolio)'s first-quarter 2020 commentary.