Tokyo Fiddles While The Nikkei Burns

If you thought the Nikkei roller coaster was over, watch out. Real estate fiascos, new cracks in the insurance giants, and more bad economic news are all bearing down on Japan's deflated stock market. Once, the betting was that a Nikkei falling to 16,000 would spell disaster. Now, with the market closing on June 24 at just 15,854, gurus say it could sink a further 20%. And some bears argue that the fair value for Tokyo stocks is an incredibly low 6,000 to 8,000.

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