The last time I made a major call on Japanese asset values was September of 1987, when I suggested both stocks and real estate were wildly overvalued. For my pains I was denounced on all sides. This was the height of the bubble, of course, and for the bubbleheads I instantly became Enemy Number 1. (Click here for what I wrote.)
Today I am revisiting Japanese stocks but this time in a more optimistic mood. Certainly I believe that – at least for a while – Tokyo is headed higher.
Read Full Article »