The Japanese stock market is enjoying a historical surge. On February 20, the Nikkei Stock Average edged up to just 92 points short of the all-time high, recorded on the last trading day of 1989. Is this a bubble or a valuation correction? We look at a range of factors with expert analysis to see what's really going on and why ordinary people are not necessarily feeling the benefit.
Guests:
Itami Hiroyuki (Professor Emeritus, Hitotsubashi University)
Kumagai Mitsumaru (Deputy Chairman, Daiwa Institute of Research)