Three of the most famously ill-fated words in investing are “Japan is back.” That was the phrase used by the late then-Japanese prime minister Shinzo Abe, who hailed the country’s return in 2013 during the international community’s brief flirtation with his Abenomics program. A decade earlier, during the premiership of the lion-maned then-Japanese prime minister Junichiro Koizumi, Newsweek headlined an article with the same language — which even back then was so cliche that the publication saw fit to append: “No, Really!”
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