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Article: Japan: more uncertainty.(World Markets)
- Article from:
- What Investment
- Article date:
- April 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Vitesse Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Market valuations are at historical lows, but the persistence of deflationary conditions means that such measures are almost meaningless
The TOPIX fell dramatically again this month, led once more by the banks, as the bankruptcy of theme park operator Huis Jen Bosch, with liabilities worth [yen] 200 billion, hit investors.
"Investor sentiment in Tokyo has been further hurt by a provocative missile test by North Korea, which heightened political tensions in the region, while the announcement of Toshihiko Fukui as the next governor of the Bank of Japan was seen as a regressive step by investors," says Tom Elliott, global equity strategist at JP Morgan ...