TOKYO — Japanese stocks are having quite a moment as waves of foreign capital drive the benchmark Nikkei index to 30-year highs. The common explanation for this year’s 30% gain is that a decade of efforts to tighten corporate governance are finally gaining traction. There are signs indeed that companies from Canon to Toshiba to […]
Why Japan’s stock market boom won’t last
Nikkei index is at a 30-year high but economic and corporate realities don’t justify the bull run