Why Japanese Stocks Look Ready to Fly

A few weeks back, I caught a big move in Sony (SNE), and although I would like to think that my stock-picking skills are astute, there's actually more to the picture. The influence of the general market is great on all stocks, and the Japanese market looks to be making a significant turn here for the better. What makes me think this is the way the Japanese currency chart has sold off.

FXY Monthly Investools View Chart » View in New Window »

Everyone knows that Japan is a nation of savers. The country has been able to withstand some 20-plus years of central-bank intervention and various bouts of quantitative easing as a result of that, for I am not sure who else would want its debt. It pays next to nothing and is pretty much worthless when you do the math. Japan has been stuck in a deflation spiral for decades now....497 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.