earthquake

If You Buy Japan Recovery, You Need One Megabank May 30, 2011 As outlined last week, global fund managers continue to be constructive about Japanese equities, despite the lackluster movement in Tokyo stocks, the continued strength of JPY/USD since the Tohoku Disaster on March 11, 2011 and the greater-than-expected decline in Japan’s economy. Tokyo Stock Exchange data show no abatement of record net buying of Japanese equities over the past couple of weeks, particularly from North American investors. The bear case against Japan is extensive, well-chronicled and to many, persuasive. But value investors say the macro story obscures the many … Read more