Opinion
Why global investors find it so easy to sell Japan
It is easier to sell Japan into a rout than any other Asian market, and unusually attractive to take profits from it right now because the gains this year have been so good.
Leo LewisJust a few months ago, Tokyo’s dealing floors were in celebratory mode – to the point of inviting journalists into their inner sanctums to watch the numbers on their giant screens soaring past the once untouchable 1989 all-time high. Japan was back, or so it seemed.
But – despite all the signs of a sustainable Japan recovery for once – maybe this time was not so different after all.
Financial Times
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