TOPIC: Japanese stocks
Wide girls
Mar 26th 2009 | TOKYO
"Mrs Watanabe is tiptoeing back into Japan’s stockmarket"
“NOT trusted” is how Japan’s Prime Minister Taro Aso described stockbrokers this month, before calling them kabuya, or “wide boys”. And with the Tokyo stock market scraping 26-year-lows in mid-March before soaring 20% in the past fortnight, the reputation of equities as an investment is shoddy at best. Yet some Japanese investors are throwing caution to the wind and beginning to buy.
QUESTIONS
Do you invest in equities (the stock market)?
Is it a good time to invest? Has the market bottomed out or do you think that the markets will get worse before they get better? In Japan, individual investors are rushing in to the market. Why are they doing this now? Do they know something the rest of the world doesn't?
LANGUAGE
wide boys / wide girls
tiptoeing
scraping
fortnight
shoddy at best
throwing caution to the wind
net buyers
tip the trend
A lot rests on Mrs Watanabe, the fabled retail punter who plays the markets
wade in
she and her kind
a big fillip
it elicited only cynicism from seasoned hands
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