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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (828)	3/31/1998 7:38:00 AM
From: Machaon	Read Replies (1) \| Respond to of 3902

From a recent article: <==================================================================== "The adoption of the new method, which the Ministry of Finance (MOF) decided to introduce from March 31, allows banks to evaluate share holdings at book value rather than market price, thus enabling them to avoid posting appraisal losses." ====================================================================> If Nikkei stock holdings are below book value, it implies that the stock market is undervalued, no? On the other hand, how reliable are the calculations of "book value"? Is this just another scam? Perhaps they will count autographed pictures of Hashimoto (probably trying to do complex math on his fingers) as a value asset? Any thoughts? Regards, Bob