- Thirty-two years after the worst collapse in history Japan's Nikkei 225 is approaching its 1989 high; it's cheap now, and a screaming buy.
- Japan was the first developed country with deflation stemming from terrible demographics; unlike the 1930s US Depression, it maintained living standards with the help of its unique culture.
- The policies of Japan's longest serving PM Shinzo Abe fought deflation with monetary expansion, fiscal expansion, and reforms including more women in the work force and more shareholder friendliness.
- Buffett was early to rediscover Japan. His 2019-20 purchase of $6.25 billion of five trading companies is his largest foreign investment. I bought one of them, ITOCHU.
- Japan small cap value, per GMO among others, is the cheapest asset class in the world and has improving ROC. I bought WisdomTree Japan Small-Cap Dividend ETF.
For further details see:
Japan Is Nearing A Mega Breakout And It's Still Cheap: Here Are Some Ways To Play It