* Is it time to buy Japanese banks? MTU=$4.93 (Dec.18, 2012) *
Japanese banks have dropped over 95% since 1990 (adjusted for bank merges).
It's hard to understand why Japanese people didn't want their Banks at all, realizing P/E are all really low (6-9), and interest rate is basically 0?
In my opinion, New Prime Minister wants to target a growth rate of 2% by printing money like US and Europe. By doing it this way, money will be injected into the market and banks stocks could double or triple in 2-3 years.