For being the second largest economy in the world, our Asia Stock Alert portfolio has been very light with Japanese holdings (Nintendo and
Komatsu).
The reason is simple: Japan has been mired in a deflationary spiral.
The latest government stats about Japanese household spending confirm the same. The average Japanese household spent
1.6% less in March of 2008 than it did during the same period last year.
Japan will become a screaming bargain at some point but not until its economy turns
around.
- Japan jobless rate falls to 10 year low The Japanese economy could be bottoming. The latest sign is the news that the jobless rate fell to 3.8% in...
- Japan slides into recession The Japanese economy has been in the doldrums for decades but it has now officially fallen into a recession, the...
- Meet the new Japanese Prime Minister 68-year old Taro Aso is the new Prime Minister of Japan. Aso will make economic recovery his top priority and...
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