“Experts” Grow Bullish on Japan …But We See Reasons For Caution
June 29, 2010 at 06:00 AM EDT
KYOTO, Japan - Japan's Nikkei 225 is half the relative price of the U.S. Standard & Poor's 500 and is the cheapest that it's been in nearly three decades. This has led many Western analysts to conclude once again that it's "time to invest" in Japan. I don't "buy" it - and you shouldn't, either. To understand the obstacles Japan still faces - as well as better profit plays to make - read on...