We are still very much on the nursery slopes. More interesting candidates will come along. People should stay away from the real estate sector. Banks are overvalued even now, and managements are generally not good. I'm also skeptical of cyclicals like chemicals and paper - a lot of those companies aren't restructuring aggressively enough.
Japan remains a very expensive place to do business despite the yen depreciation.
Given the extent of currency depreciation throughout Asia, I think you will see a further hollowing out of the industrial base. Some analysts think the Nikkei stock average could continue to slide to 10,000. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines .