NEW YORK, March 20 (Reuters) - Japanese stocks are at their cheapest levels since the financial crisis and are very attractive, due to an investor overreaction to the earthquake and financial crisis, Barron's financial newspaper said in a cover story on Sunday.
The Japanese stock market has fallen 12 percent since a devastating earthquake struck the country on March 11. But while Barron's acknowledged that the economy is almost certain to slow this year, the paper said that 'the slowdown is likely to be only temporary, with healthy growth forecast for next year as the country rebuild.'
Barron's recommended buying stocks of companies including Sony, Canon, Toyota, and Nissan , among others.
Many Japanese stocks were cheap even before the disaster, the paper said, predicting that the shares of some companies could rebound 10 percent over the next few months.
Barron's is known for making bold calls and can have influence over higher net worth retail investors.
(Reporting by Maria Aspan; Editing by Diane Craft) Keywords: JAPAN/BARRONS (maria.aspan@thomsonreuters.com; +1 646 223 6394) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Japanese stock market has fallen 12 percent since a devastating earthquake struck the country on March 11. But while Barron's acknowledged that the economy is almost certain to slow this year, the paper said that 'the slowdown is likely to be only temporary, with healthy growth forecast for next year as the country rebuild.'
Barron's recommended buying stocks of companies including Sony, Canon, Toyota, and Nissan , among others.
Many Japanese stocks were cheap even before the disaster, the paper said, predicting that the shares of some companies could rebound 10 percent over the next few months.
Barron's is known for making bold calls and can have influence over higher net worth retail investors.
(Reporting by Maria Aspan; Editing by Diane Craft) Keywords: JAPAN/BARRONS (maria.aspan@thomsonreuters.com; +1 646 223 6394) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.