Thursday, February 22nd marked an important day in Japanese economic history; the day the Nikkei broke into new all time high (ATH) territory, something that hadn’t happened since 1989.
Corporate health has an impact on the residential real estate market as tenants and buyers either directly work for listed companies or for privately held small to medium sized enterprises that services the larger listed companies in their industry.
David Herro, a portfolio manager at Harris Associates, appears on CNBC's "Closing Bell Overtime" to discuss investment opportunities in Japan in relation to the market resurgence.
Reuters summarized well the possible causes for the new ATH.
So, the Nikkei’s new ATHs means that the Bank of Japan will finally start raising interest rates to strengthen the weak yen? Not so explains Jim Iuorio, managing director of TJM Institutional Services.
Adam Haigh from Bloomberg Television reported that in Q4, Berkshire Hathaway's cash reserves hit $167.6 billion, but Warren Buffett's conglomerate struggled to find significant investment opportunities, with Japan equities being the only exception.
תגובות