Betting on Japan's assets
Article Abstract:
Japanese stocks have tended not to perform well and institutional investors are being advised to stay away from Japanese stocks. This could mean that the Japanese stock market has reached its low point, though there is no certainty that this is the case. Some analysts see Japan's economic problems as likely to continue over the longer term, but the Japanese economy has assets that produce output which has value. The Japanese stock market will move away from its bear phase when investors see economic growth as likely to resume, and growth could be above United Kingdom levels.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Approaching the stationary state
Article Abstract:
Japanese equity dividend yields are higher than bond yields and this has not occurred in a major stock market for some decades. Investors have become more risk averse, while dividend growth is likely to be subdued due to drops in consumer prices. Real dividend growth could also be reduced, the market believes. Return on capital is low and there is little incentive for companies to invest. This in turn limits possibilities for long term growth, and dividend yields may remain at less than bond yields.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Trading up. Doing the regulation shuffle
- Abstracts: Exasperation over the no action bank. UBS
- Abstracts: Marketers try banners to capture b-to-b target. How to make the most of site traffic reports. Many paths find their way to the World Wide Web
- Abstracts: American lessons for the Bank of England. The next base rate question. Lies, damned lies and probability distributions
- Abstracts: Abysmal showing by guaranteed funds. Guaranteed by name, but not by nature. Disappointment guaranteed