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SUBSCRIBER EXCLUSIVE
Japan is still cheap
Value maven Peter Cundill can invest anywhere. He's chosen to put much of his fund's money in Japan.
June 16, 2004: 3:52 PM EDT
By Jonah Freedman, MONEY Magazine

NEW YORK (MONEY Magazine) - Could Japan at last be back? Over the past 12 months, the benchmark Nikkei 225 index has returned 32 percent, nearly twice as much as U.S. blue chips.

And although its market has retreated over the past few weeks (as have stock markets around the world), Japan's economic fundamentals are still improving. Its trade with China is booming, and both corporate profits and consumer spending are getting stronger. The country's gross domestic product grew a surprising 5.6 percent annualized in the last quarter.

But the real attraction of Japan, says veteran fund manager Peter Cundill, is value.

Continued...  Top of page


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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .