Japan's economy may stink, but its world-class firms are a bargain
News On Japan via Forbes -- Feb 24
For most investors the Japan story is the definition of ugly: a devastating tsunami followed by a nuclear reactor meltdown. Six prime ministers in five years. Crushing national debt. And despite all this, a yen touching postwar highs, making it hard for even the most efficient manufacturers to earn a profit on export goods.
Yet more than half the runners in this year's New York Marathon wore shoes from Japanese manufacturer Asics. One of Manhattan's hottest retailers, Uniqlo, hails from Tokyo. And when consumers worldwide trade up to a fancier bicycle, odds are they'll be pedaling on Shimano components.
|| Fewer than 40 pct of Tokyo residents, commuters prepared for quake |
| || Fewer than 40 pct of residents and commuters in Tokyo take specific measures to prepare for a possible huge earthquake beneath the Japanese capital, despite high awareness on disaster prevention, a Metropolitan Police Department survey showed Friday. (Jiji Press ) |
|| Blizzard pummels northern Japan |
| || A blizzard struck northern Japan on Friday with authorities warning of avalanches, high waves, strong winds and traffic disruption. (thehindu.com ) |
|| Kashiwa murder suspect says he wanted to fly hijacked plane into Skytree |
| || The man under arrest for fatally stabbing one man and wounding three others during a 10-minute rampage in Kashiwa, Chiba Prefecture, on Monday night, told police on Thursday that he wanted to hijack a plane at Haneda airport and fly it into Tokyo Skytree to take revenge on society. (Japan Today ) |
|| Kashiwa stabbing suspect's identity: 'celeb NEET' |
| || The 24-year-old suspect in the murder of a man on a street in Kashiwa, Chiba Prefecture, on Monday is believed to have posted a profile online in which he identified himself as a "celeb NEET," meaning a celebrity without a job, according to local online news site J-Cast News. (Japan Times ) |
|| 24-year-old man arrested over knife attacks in Kashiwa |
| || Police in Kashiwa, Chiba Prefecture, on Wednesday night arrested a 24-year-old unemployed man over four knife attacks within 10 minutes that left one man dead and three others injured on a street. (Japan Today ) |