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.
|| Homemaker joins Japan girl band AKB48 |
| || Japanese commercial music juggernaut AKB48 has added a 37-year-old mother of two to the wildly popular all-girl group as it looks to broaden the appeal of its teen-dominated line-up. (AFP ) |
|| Man in his 30s being questioned over murder of 7-year-old girl in 2005 |
| || Tochigi prefectural police said Thursday that they are questioning a man in his 30s over the murder of a 7-year-old girl in December 2005. Japanese media quoted police as saying that the man, who was arrested for dealing in fake brand-name goods, has hinted at his involvement in the murder. (Japan Today ) |
|| Spectacular snow walls |
| || People enjoy viewing the 15-meter snow walls of the Yuki no Otani (Great Snow Valley), along the Tateyama Kurobe Alpine Route that passes through the Northern Japan Alps to link Toyama and Nagano prefectures. (The Japan News ) |
|| Population declines for 3rd straight year |
| || The nation's population has slipped for the third straight year to a 13-year low, the Internal Affairs and Communications Ministry said Tuesday. (The Japan News ) |
|| Anne Frank vandalism suspect to face psychiatric test |
| || Tokyo prosecutors plan to look into whether a man, who has been arrested for allegedly vandalizing copies of Anne Frank's diary, is mentally competent to be held criminally responsible for his actions, informed sources said Wednesday. (Jiji Press ) |