Why Mr.Carlos Ghosn was kicked out of Nissan I saw this news interestingly. Renault open to Nissan pursuing merger talks with Honda, Bloomberg News reports https://www.reuters.com/business/autos-transportation/renault-open-nissan-pursuing-merger-talks-with-honda-bloomberg-news-reports-2024-12-18/ Mr.Carlos Ghosn might oppose to the merger with Honda and Nissan. Japan Ministry of Economy, Trade and Industry(METI) wanted to eliminate him. So he was arrested by Japan police. This is the reason why Mr.Carlos Ghosn was kicked out of Nissan. This is Japan, and this is the Japan.
2021/6/29. The RED FLAGs in Tokyo Stock Market
I sold all my stocks in Tokyo Stock Market.
There seems to be some red flags in Tokyo Stock Market.
First of all, J-reit market’s average Net Asset Value(NAV) is high.
Almost all J-reit stocks’ NAV are over 1.
This means that J-reit stocks are more expensive than their real values.
Secondly, J-reit market’s average yields is 3.3%, it’s near 3%.
This is dangerous flag.
Aging country, especially as Japan, has low interest rates, but there are risk premiums.
Risk premium has to be higher than 3.5% in Japan. (This number is what I feel.)
Interest rates in Japan is under 0%, and I think it is equal to 0%.
So J-reit market’s average yields should be over 3.5%.
Third red flag is existence of individual investors.
They are end buyers, and they seem to bet their money in Tokyo Stock Market.
I don’t know when this bull market ends, but I quit this game and take a rest in some months.
Cash is king, and crash is near.
