The Economist's Bill Emmott on Livedoor, Japanese Stocks and the Economy (EWJ, ITF, VPL)

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Includes: EWJ, JPXN, VPL
by: Steven Towns

Bill Emmott, editor of The Economist, is someone you want to listen to carefully whenever he opines, and especially when the topic is Japan. He recently did an interview with a Yomiuri Shimbun correspondent in a two part article just published today.

Although the interview may be lengthy reading for some, I think readers of this blog will find it worthwhile to spend a few minutes going through Emmott's four key elements behind the livedoor Co. scandal. He paints a very clear picture of what transpired and what effect, if any, it will have on the overall economy and its recovery. I agree with his arguments, and at least at this point the stock market has overcome the so-called "Livedoor Shock" with the Nikkei 225 Stock Average up in 7 of the last 8 trading days closing today at a new 52-wk high. Links to the two part Emmott interview follow.

Economist editor looks at Livedoor ( 1/ 2)

Economist editor looks at Livedoor ( 2/ 2)

If you are interested in reading more about livedoor Co., Horiemon, or the scandal, click here for a link to related posts on this blog.


Nikkei 225 Stock Average 1-yr chart: