David Mitchinson - Japan was a basket case. The market value of many...

Japan was a basket case. The market value of many smaller companies was less than their net cash; in effect, the owners would pay you to take them away. But this year, it all came together. There has been much-needed inflation to help property prices recover and banks move out of the intensive care ward. Real wages are starting to rise again; the consumer is leading real estate plays such as new shopping malls - Osaka is a huge building site, with genuine renewal for the first time since 1989.

David Mitchinson

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David Mitchinson Quotes

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Japan was a basket case. The market value of many smaller companies was less than their net cash; in effect, the owners would pay you to take them away. But this year, it all came together. There has been much-needed inflation to help property prices recover and banks move out of the intensive care ward. Real wages are starting to rise again; the consumer is leading real estate plays such as new shopping malls - Osaka is a huge building site, with genuine renewal for the first time since 1989. David Mitchinson

They Said So®

Keywords

japan basket case market smaller companies net cash effect owners pay year -needed inflation property prices recover banks move intensive care ward real wages starting rise consumer leading estate plays shopping malls - osaka huge building site genuine renewal time

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