Brokers and others have proclaimed the bottom of the Japanese market so many times in the past it is...
Brokers and others have proclaimed the bottom of the Japanese market so many times in the past it is tempting to dismiss the current Topix rally ' around 30% since April 2003 ' as an aberration before another leg down. However, there is more reason to be optimistic this time. What was missing before were reasonable valuations. But now, for the first time in 10 years, there are large chunks of the market trading on valuations comparable with those elsewhere in developed markets. One can argue that Japan should perform in line with developed global market indices ' other things being equ...
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