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