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Global Investor: Barton Biggs.

Newsweek International

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Byline: Biggs, the legendary Wall Street strategist, is a managing partner at Traxis Partners, which owns Japanese stocks.

A Bull Hidden In an Enigma

To global investors, Japan continues to be "a riddle wrapped in a mystery inside an enigma." I have been to Japan perhaps 50 times in the last 30 years, but on my most recent trip I was stunned by the atmospheric changes in Tokyo. The city has become one of the most avant-garde places in the world. Prosperity seems to be busting out everywhere, stylish young

shoppers swarming the Ginza, and sleek new office buildings and hotels opening. Yet the Japanese economy and stock market stagger along from slump to sluggish recovery.

It's a paradox that's endlessly frustrating to investors. ...

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Source: HighBeam Research, Global Investor: Barton Biggs.

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