Enzio von Pfeil

The Long Case for Japanese Stocks (EWJ)

Hi Pascal,
Fully agreed. Who can guess what the US financial community will think if more FOMC tightening occurs? I've been suggesting Fed Funds of around 6% this year, so that would suggst slowdwn in America. For me, the further question is: must this unequivocally have a knock-on effect in Japan and thus its market, if Japanese growth is driven increasingly by domestic demand as opposed to exports. If my "domestic demand" story is right, then Japan has to be a screaming buy, courtesy of an ever-improving Economic Time....