Land of opportunity

- By FX Markets Staff
- @FXMarkets_
- 28 Apr 2008

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Are Japanese stocks unusually cheap? Several indicators have been suggesting so, yet clearly the market has not been convinced. Domestically, the cult of the equity was crushed by the post-1990 bear market, and foreign investors have been burned too many times before. Perhaps it will take valuations that are unambiguously cheap globally and historically to draw in capital. We believe such a phenomenon has now emerged in the shape of the 350 'net/nets' on the Japanese markets.

There was good

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