Japan Growth Strong

Japan Growth Strong

August 12, 2005

Japan’s real GDP grew 1.1% in the second quarter. Q1 revised up to +5.4%. Spending was driven by capital spending, government spending fell. Supports my view that Japan turnaround is sustainable. My nameless advisor there, who I refer to as Fibonacci, agrees. Koizumi has called an election for September 11 (coincidence?). I like Japanesse stocks and own EWJ.

JR

John Rutledge

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