Saturday, September 09, 2006

Forbes: Japan Is Back
Another article on Japan's comeback, this one from Forbes. The highlights:
  • After an extended period of flat stock prices, "many say" it is only a matter of time before equities rise.
  • Mentions four smaller Japanese companies that are doing excellent business: Fujimi, a maker of silicon wafer polishing materials; Strawberry Metals, a producer of high-function hinges for mobile phones; THK, a machinery maker; and Horiba, an engine-measuring equipment producer.
  • Financial institutions, steelmakers, and trading houses have all undergone major renovation and are doing well.

Most interesting quote:

By migrating from mass-market production to high-tech and high-valued-added manufacturing where entry barriers are extremely high, Japan has enjoyed near monopoly in segments such as car parts, precision equipment, electronics components, fine chemicals and ceramics, as well as fine metals, all of which bolster economic growth.

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