By at least one measure, stocks in Japan are the cheapest they've been since the months...

|By:, SA News Editor

By at least one measure, stocks in Japan are the cheapest they've been since the months following the Lehman blowup. The earnings yield - EPS/stock price - on the Nikkei  is 603 basis points greater than the 10 year JGB (1.04%), even as earnings are expected to grow 14% in a slow economy this year.