Painful Japanese lessons
Oct 30, 2019
3 minutes
STORY GREG HOFFMAN
“Investors expected to receive income each year, but the property trusts were begging for cash to flow in the opposite direction. It didn’t end well.”
A school excursion took me to Japan in the early 1990s. I’ve been hooked ever since, returning many times to enjoy the wonderful people, scenery, food and powder snow.
Yet for most of my career in finance and investing, Japan’s economy and financial markets have been curiosities, if not mysteries. An almighty property and sharemarket boom in the 1980s led to a nasty bust beginning at
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