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...GLOBAL ADVISOR Travel: Hong Kong's back! Dossier: Kiwis return to roost Hotels: Warsaw luxe Books: Long haul reads Style: Chocolate treats Tech: Portable entertainment Golf: Cost-of-living-it-up Index...
...GLOBAL ADVISOR Travel: Hong Kong's back! Dossier: Kiwis return to roost Hotels: Warsaw luxe Books: Long haul reads Style: Chocolate treats Tech: Portable entertainment Golf: Cost-of-living-it-up Index...
...Suddenly, improbably, the Japanese economy?and its stock market?are hot. Since April, the Nikkei 225 stock index has jumped more than 35%, to about 10,300, making it one of the world's best performers so far this year. Foreign investors have rushed in, becoming net buyers of Japanese stocks for 22 consecutive weeks through mid-September, pumping just under $48 billion into the market since May. "It has been such a dramatic change in investor psychology," says Masaaki Kanno, chief economist at JP Morgan in Tokyo. But considering Japan's history of false-start recoveries over the past...
...Even the most skeptical investors?ordinary Japanese?appear to believe the tide has turned, egged on by investment banks, such as Morgan Stanley and Goldman Sachs, that are counseling clients to continue to load up on Japanese stocks. "I doubt the index will rise to 20,000 anytime soon, but I'm hoping this positive growth will continue," says Yoko Maekawa, a 29-year-old Tokyo software engineer who is buying shares of Japanese companies. "Compared with before, I certainly feel I have better odds...
...GLOBAL ADVISOR Travel: Hong Kong's back! Dossier: Kiwis return to roost Hotels: Warsaw luxe Books: Long haul reads Style: Chocolate treats Tech: Portable entertainment Golf: Cost-of-living-it-up Index...