Some data: Through the 1980s, the Nikkei Stock Index was often 10 times the Dow Jones Industrial Average. The Nikkei peaked at the end of 1989 at over 39,000 when the Dow was around 2,000. Within the last few weeks or so, the Nikkei dropped below the Dow. My cursory inspection suggests that this is the first time this has happened in decades.
-----Original Message----- From: Fred Foldvary [mailto:[EMAIL PROTECTED]] Sent: Tuesday, December 17, 2002 8:26 PM To: [EMAIL PROTECTED] Subject: Re: is japan faking it? > Eamonn Fingleton, Is Japan Faking It? > The Australian Financial Review, Friday 22 November 2002 > For a decade now, the Western consensus has been that Japan is an > economic basket case. But this is a dramatic misreading of a perennially > secretive society. ... So why has Japan's stock market not reflected this good news? Fred Foldvary ===== [EMAIL PROTECTED]
