International Business: JAPAN
TABLE: Japan's Wealth Illusion
STOCKS Market capitalization of the $448
Nikkei's first section is $3.2 trillion, billion
about 14% above where it should be.
REAL ESTATE Property is worth about $6
six times GDP, or $30 trillion. Prices trillion
probably have 20% more to fall.
PENSION FUNDS If their assets of $178