Japan is where that question has the sharpest answer. Global capital has re-rated the country on governance reform, but most of what moves a Japanese stock is still disclosed in Japanese and never in English. That gap is either a permanent tax on foreign capital or the clearest place in the world for these tools to earn their keep. The afternoon looks at where the answer sits, on the buy-side desk, in sell-side research, and in the data layer underneath both. One fireside, four panels and a session from LSEG, followed by a reception.