As Reuters’ Tessa Dunlop says, “Japan has seen better days. [After] bankruptcies, skyrocketing debt, corporate scandals and a devastating natural disaster.”
Further data now shows that Louis was spot on. Investors have, indeed, been short-changing Japan’s economy.
For instance, while we pointed out that consumer sentiment is on a downward slope here in the states, consumer confidence in Japan hit a five-year high last month.
That’s not the only thing Japan has going for it, though…