These investors can be broadly divided into two kinds, says Alexander Kinmont of Morgan Stanley Dean Witter.
ECONOMIST: Japanese shares
2.
Perhaps the biggest problem for Japan is that its starting-point was so much worse than America's or Europe's, says Alexander Kinmont of Morgan Stanley.
ECONOMIST: Japanese corporate profits
3.
Alex Kinmont, an investment analyst for Morgan Stanley, points out that the domestic overcapacity in Japan's car market is equivalent to Britain's total car production.