Kiplinger Bullish on Japan
This long piece from Kiplinger's is highly positive on Japanese equities:
This long piece from Kiplinger's is highly positive on Japanese equities:
The article highlights the strong points of the Japanese economy (demand from China, healthier banks, the return of a little inflation) and describes some ways to invest in Japan for individual U.S. investors.The Tokyo Stock Exchange index has doubled in three years, but we still see value. On the basis of price-to-book-value and price-to-cash-flow ratios, stocks are cheaper in Japan than in the U.S. and Europe. Price-earnings ratios are
slightly higher, but that's mainly because earnings have been depressed. They are now rebounding smartly.
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