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	<title>Active Investing in Japan &#187; exporters</title>
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		<title>Japan to be world&#8217;s 3rd largest economy is good news</title>
		<link>http://steventowns.com/2010/08/16/japan-to-be-worlds-3rd-largest-economy-is-good-news/</link>
		<comments>http://steventowns.com/2010/08/16/japan-to-be-worlds-3rd-largest-economy-is-good-news/#comments</comments>
		<pubDate>Mon, 16 Aug 2010 23:47:56 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bank of Japan]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[domestic demand]]></category>
		<category><![CDATA[Earnings]]></category>
		<category><![CDATA[exporters]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Nikkei 225 Stock Average]]></category>
		<category><![CDATA[tokyo]]></category>
		<category><![CDATA[Topix]]></category>
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		<guid isPermaLink="false">http://steventowns.com/?p=552</guid>
		<description><![CDATA[&#8220;China poised to pass Japan as world&#8217;s No. 2 economy,&#8221; reports CNN.com.  Q2 GDP figures from Japan and China show the latter exceeding the former, $1.34 trillion vs. $1.29 trillion. In 2009, it was Japan ahead for the full year, at $5.07 trillion compared to China at $4.91 trillion, according to the IMF. Given the [...]]]></description>
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		<title>Shanghai selloff overshadows DPJ, Nikkei</title>
		<link>http://steventowns.com/2009/08/31/shanghai-selloff-overshadows-dpj-nikkei/</link>
		<comments>http://steventowns.com/2009/08/31/shanghai-selloff-overshadows-dpj-nikkei/#comments</comments>
		<pubDate>Mon, 31 Aug 2009 13:22:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Market Summary]]></category>
		<category><![CDATA[Yen]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[domestic demand]]></category>
		<category><![CDATA[DPJ]]></category>
		<category><![CDATA[exporters]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[historic election]]></category>
		<category><![CDATA[LDP]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[Nikkei 225]]></category>
		<category><![CDATA[reform]]></category>
		<category><![CDATA[Shanghai]]></category>
		<category><![CDATA[strong yen]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/08/31/shanghai-selloff-overshadows-dpj-nikkei/</guid>
		<description><![CDATA[The DPJ&#8217;s rise (and the LDP&#8217;s fall) is no longer debate material, but a welcome reality. As expected, the yen exhibited strength, and looks poised to test ¥92. The Nikkei meanwhile was quite volatile, gapping up, hitting a new ytd high at 10,767, tumbling into the start of the afternoon session to a low of [...]]]></description>
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		<item>
		<title>Pricey Japanese stocks?</title>
		<link>http://steventowns.com/2009/04/12/pricey-japanese-stocks/</link>
		<comments>http://steventowns.com/2009/04/12/pricey-japanese-stocks/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 00:00:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Earnings]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[Weekly Outlook]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[exporters]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japanese stock]]></category>
		<category><![CDATA[Nikkei 225]]></category>
		<category><![CDATA[tokyo]]></category>
		<category><![CDATA[Topix]]></category>
		<category><![CDATA[Yen]]></category>

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		<description><![CDATA[Pricey, and Japanese stocks, are typically not heard together in the same sentence. However, since last September&#8217;s market rout, earnings have deteriorated to the point that the Nikkei 225 is trading at over 175x forward earnings; 10.1x on a trailing basis. No doubt the ratio will swell some more, potentially going negative for a quarter, [...]]]></description>
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