Ohtani's Record $700M Dodgers Deal Boosts Shares of Japanese Sponsors
• Shohei Ohtani signed a $700M, 10-year contract with the LA Dodgers, the largest in MLB history
• The deal appears to be boosting share prices for some of Ohtani's Japan-based corporate sponsors like Mitsubishi, Kose, and Seiko
• This isn't the first time Ohtani's popularity has moved Japanese stocks - a basket of his sponsors outperformed indexes in 2021
• A professor estimates Ohtani's move to the Dodgers will have a $437M economic impact in Japan in 2024
• The deal comes as Japanese stocks pull back from multi-decade highs in recent weeks