Japan's high P/E ratios remain difficult to justify: earnings reports, low rates partly explain valuations, which may drop to Western levels

Article Abstract:

The price-to-earnings (P/E) ratios of Japanese stocks may be dropping for several reasons, including falling Japanese interest rates, companies reporting low earnings because of corporate taxes and because laws encourage investments in new equipment, and Japanese companies listed on stock exchanges tend to be more stable. The high P/E ratios and the possibility they may drop to Western levels are discussed.

Statistical Data Included, Prices and rates, Column, Securities, Securities prices, Business enterprises, Price-earnings ratio, Price earnings ratio

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Koizumi pledges to use win to gain backing on reforms

Article Abstract:

Japan Prime Minister Junichiro Koizumi won a victory for the Liberal Democratic Party, when he vowed to push his structural reform program for the economy. Among the plans Koizumi has are: privatizing the system of postal-savings, clean the country's debt-ridden banking system, and terminating public companies that provide employment for ex-bureaucrats. Many Liberal Democratic Party legislators are upset over the Prime Minister's economic plans.

Political organizations, Public affairs, Democratic Party-National, Political activity, Liberal Democratic Party (Japan), Koizumi, Junichiro

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GDP surged 7.9% in quarter; data don't assure recovery, economists warn

Article Abstract:

The Japanese economy exceeded economists' expectations in 1st qtr 1999 as it shot up by 7.9%. However, many economists cautioned against expecting a recovery because of the January to March figures, despite confirmation that Japan's economy is no longer on the decline. Although previously weak areas have shown some improvement such as consumer spending, private capital spending and government outlays, government officials and private economists warned that a recovery is still not certain, The figures, however, pushed up Japanese yen and the stocks on Jun 10, 1999.

Sales, profits & dividends, Research and Development in the Social Sciences and Humanities, Economists, Economic aspects, Economic development

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