Is Abe’s resignation a prerequisite for the Nikkei average to rise?
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Now, the theme this time isthe document tampering issue.
This issue of document tampering is a major incident that undermines the fundamentals of free market economics.
If you think with the typical Japanese mindset of “so-so,” you may suffer an unexpected backlash.
This is because it concerns whether there are the minimum rules in Japan to maintain a market economy.
If this issue is ignored, would it be okay for corporate earnings manipulations as well?
If there is match-fixing, I would not be able to buy stocks in such a country for fear.
The above is an extreme way to put it, but for major overseas institutional investors and pension funds, it is a big issue.
To have invested in stocks of such a country would be ethically unacceptable.
Therefore, it will be watched closely to see whether Japan is a rule-of-law country.
No matter how low the apparent PER looks, personally I believe that genuine buying by foreign institutional investors excluding hedge funds will no longer be expected.
Note) The above reflects my personal view and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. Also, while the blog content is based on data from reliable sources, the administrator does not guarantee its accuracy. Actual investment decisions should be made at your own risk.
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