{
  "docId": "019dd923-5e88-73ef-bd5a-8ff63ab3c61a",
  "docSlug": "b7f238c67c9a4e11",
  "documentTitle": "mi gtia",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 40,
  "pageCount": 43,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 40,
  "notes": "Slide 40 from a J.P. Morgan Asset Management deck.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "bar_chart_grouped",
    "bar_chart_vertical",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-8ff63ab3c61a/40",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-8ff63ab3c61a",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-8ff63ab3c61a.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-8ff63ab3c61a#slide-40",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.53,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Share buyback announcements",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "800d6f1e-bada-4592-a62c-452f483f81e5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.4,
        "x": 0.53,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Ratio of companies with net cash",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e24e81db-9ad1-4632-a59e-6628b087bccb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.08,
        "y": 0.0017
      },
      "kind": "chart",
      "text": "Price-to-book ratio",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b2215bb5-34a3-41b0-9686-0a32c64085cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.75,
        "x": 0.08,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "Source: MSCI, J.P. Morgan Asset Management. AC World = MSCI AC World Index, Asia ex-Japan = MSCI AC Asia ex-Japan, Korea = MSCI Korea Index, Japan = MSCI Japan Index, China = MSCI China Index, U.S. = S&P 500 Index. (Left) Bloomberg. (Top right) FactSet. (Bottom right) FactSet, Standard & Poor's. Net cash is calculated by subtracting total liabilities from total cash holdings of a company. Data are as of October 31, 2025.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15b93f6c-4f0c-4eb5-9edb-edbb608fe593",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Price-to-book ratio: 40%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28ab-7545-a2bd-b49c679e136e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.08,
        "y": 0.08
      },
      "kind": "title",
      "text": "Asia: Corporate governance reforms",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "23fca33a-f402-44d7-b3a3-cd436318d9fd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "5f00adf8-d224-4a41-8db7-e7dc64185393",
      "evidence": "chart/bar-vertical: Ratio of companies with net cash",
      "confidence": 0.5
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 40,
      "from": 24,
      "beatId": "4ab045bd-5e7f-47bd-97b9-7a5c8d91ae55",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The document offers insights on investment strategies, market landscapes, and country-specific information, providing a solution to the problem presented.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 39,
      "name": "Voice Of Customer",
      "slug": "51-voice-of-customer",
      "bestFor": "Product strategy, customer experience, market research",
      "matchId": "18c945e6-5511-449d-9a85-e0e28d3a9520",
      "evidence": "The document presents data on Asia's AI spending and innovation, reflecting the voice of the customer.",
      "position": 1,
      "objective": "Providing insights on Asia's AI spending and innovation",
      "structure": "What Customers Say (Verbatim) -> The Pattern Across Voices -> The Insight -> The Response",
      "confidence": 0.6,
      "description": "Let customer quotes and feedback drive the narrative and validate the insight"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}