Again, we thank you for your patience as we are undergoing some changes. UPDATE: Japanese fonts are readable again. However, any hyperlinks referencing blog.steventowns.com archive posts will not work.

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Dodge & Cox doesn’t comment on the yen — although a trio of its picks (Sony, Hitachi and Matsushita) largely helped it beat the MSCI EAFE-Japan — but says the following on its Dodge & Cox International Stock Fund (DODFX: 40.21 -1.35%) fact sheet for the quarter-ended Dec. 31, 2007:
As certain currencies have risen relative […]

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An excerpt from Kinoshita Terunobu’s (木下 晃伸) latest e-newsletter discussing the length of women’s hair and its relationship to the Japanese economy :
「。。。 景気が良いほど髪の毛が長くなり、不景気になると髪の毛が短くなっている 。。。」
Essentially, the better the economy, the longer the hair; a weaker economy brings shorter hair styles…
• 1997 花王 survey shows trend of shorter-hair among 20-year old women; 山一証券 goes bankrupt the […]

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