Japan's entire stock market pays the price for the laggards.

Australasian Business Intelligence, March, 2003

Mar 19, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Three US-based academics believe that there could be a different reason than the ones usually given for Japan's weak economy. It seems that the strength of some companies is being eroded by the "propping-up" of corporate under-performers or "laggards". If the significant divide between sound and weak companies further increases, it may lead to share price rallies for good companies such as Canon, Honda Motor and Toyota Motor. Typically, analyses of Japan's economy focus on such factors as bad loans, deteriorating consumer sentiment and falls in the real estate market.

Publication Date: 18 March 2003

CANON INCORPORATED: 

HONDA MOTOR COMPANY LIMITED:

TOYOTA MOTOR...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.