The Japanese Stock Rally May Have More Room To Run [Seeking Alpha]
ADIDAS AG S/ADR (ADDYY)
NASDAQ:AMEX Investor Relations:
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Source: Seeking Alpha
Today, I think it's fair to say that Japan is realizing much of Abe's vision, as structural reforms appear to be taking hold. Attractive valuations, cash on the sidelines, and monetary policy could drive Japanese equities higher going forward. It feels like the late 1980s again. Not because I'm wearing Reebok high top sneakers, Guess jeans and Esprit jackets or listening to Men at Work and Yes, but because there's a lot of excitement around Japan's economy - and Japanese equities have experienced a strong rally over the past year. Is this a fleeting trend, or a "Japanaissance" in the making? Japan's economy and stock market have certainly benefited from the strong fiscal and monetary stimulus it received during the pandemic. However, from my perspective, the groundwork was laid years ago with "Abenomics," an ambitious economic plan introduced more than a decade ago by late prime minister Shinzo Abe. The "three arrows" of Abenomics Abenomics was designed to pull the Japane
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