The Japanese Stock Market Is Cheap if You’re Cheerful [Video]

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Profits are up. Deflation is over. Yet Japan’s stock market is widely reviled, valued even more cheaply than the struggling eurozone.

Investors think Prime Minister Shinzo Abe’s “three arrows” of loose monetary policy, fiscal stimulus and reform of capital and jobs markets have misfired since he started Abenomics in 2012, …

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