The land of the rising sun’s economic fortunes are turning around. Prime Minister Shinzo Abe’s aggressive monetary policies, known as “Abenomics,” are starting to work their magic on the economy, creating an opportunity for forward-thinking stock investors.#-ad_banner-# First-quarter results indicate Japan’s gross domestic product grew 3.5%, sparking hopes that a recovery is underway. Exports grew 3.8%, driven by strong auto sales and the weaker yen, which has fallen 20% against the U.S. dollar since… Read More
The land of the rising sun’s economic fortunes are turning around. Prime Minister Shinzo Abe’s aggressive monetary policies, known as “Abenomics,” are starting to work their magic on the economy, creating an opportunity for forward-thinking stock investors.#-ad_banner-# First-quarter results indicate Japan’s gross domestic product grew 3.5%, sparking hopes that a recovery is underway. Exports grew 3.8%, driven by strong auto sales and the weaker yen, which has fallen 20% against the U.S. dollar since November. Abe’s policy of weakening the yen, major fiscal spending and generating 2% inflation by 2014 has sent the Japanese stock markets soaring higher. The Nikkei has jumped 46% since Abe took office. Leading Japanese economists are projecting strong growth for the next three years thanks to Abe’s policies. I think these changes are strong signals for investors to look for opportunity within Japan. My eyes are on this pair of leading Japanese companies. Canon (NYSE: CAJ) Boasting a… Read More