Japan Is Hot Again

Since the year began, the Nikkei stock index has posted a gain of nearly 9 percent. That’s the best performance of all of the major stock indices of the G-7 nations, according to economist John Park of Kudlow & Company.

In June 2004, corporate goods prices in Japan posted a 1.4 percent annual gain. This index shows the progress that has been made against deflation. According to Park, the effect of deflation is easing in Japan, and it shows in the recovery in household spending by 4.8 percent, corporate profits by 24.6 percent, .....