Global investors are justifiably skittish about dipping into Japanese stocks.
And past rallies in this decade have quickly fizzled. But many Japan watchers believe the market still has a long way to run. But when everyone agrees that everything is wonderful, that's when it's time to move on'' and invest elsewhere. Underlying the bullishness on Japan is the belief that the eight-year recession has bottomed out and that real economic changes are taking place. The government has injected money into the banks on the condition that they restructure and improve disclosure standards.