Alex, is a good friend of mine who lives in Canada. He sent me an article from the NYTtimes on the Japanese stock market. Many people send me Times articles knowing I can’t read the paper because it’s Jew hate is so deeply offensive.
After my recent month in Tokyo I bought a Japanese ETF that reflects the whole Japanese market.
Some mistakes in the Times article. Tourism has not returned from China, which is the largest source of all tourism and tourist spending. That will be a great infusion when it comes. Mostly affects department stores and hotels.
Warren Buffett bragging on the Japanese stock market is right about Japan and wrong about the trading companies he bought stock in; which is something he can't understand. The biggest trading company was my client. Trading companies can never return a net on sales much over 2-3%. But they will grow with international trade.
The China boogie man will disappear with a Trump reelection. China is not being aggressive, we are.
Japan is strong, healthy and solving the stagnant population issue. All good signs. They are not nuts about 'woke' in any way. More women are coming into the labor market; working lives are getting longer and the Japanese are not stupid about CO2 and oil.
A well-educated, honest, hard-working population is always a good bet. None of the rampant American crime, Trump derangement syndrome, or divisive 'woke' culture. The Japanese are happy, optimistic and enjoying the best of modernity. The Covid did not hit them seriously; they are inherently clean, willing to wear masks (still 90% are masking in public) and still on good trading terms with India, China, Russia and most of the Middle East.