Wall Street Journal (January 1)
“Encouraged by promises of strong action by Japan’s new government to weaken the yen, end deflation and introduce structural overhauls, market experts are generally bullish on Japanese equities for 2013…. Strategists almost uniformly agree that Japanese shares remain undervalued and underexposed to international investors.”
Tags: Equities, Government, Investors, Japan, Undervalued, Yen
Washington Post (January 1)
“Congress’s feeble finish to the ‘fiscal cliff’ fiasco” is an imperfect solution. It will do “little to address the nation’s long-term debt problem. But for all its weaknesses, the bill’s enactment is far better than a failure by this Congress to act before it adjourns Thursday.”
Tags: Congress, Debt, Fiscal cliff, U.S., Weaknesses
New York Times (December 30)
Negative press coverage of companies like Apple and Foxconn has caused them “to make changes, like raising wages, limiting work hours and providing chairs with backs instead of stools at workstations.” This should be a major catalyst for change. “For companies operating in China and earning billions in profits, corporate responsibility demands that workers be treated and paid fairly.”
Tags: Apple, China, Corporate responsibility, Foxconn, Press coverage, Workers
