On the first full day of trading after the great Tohoku quake of 2011, recalls a browbeaten fund manager, the office was shuddering with aftershocks. The world’s largest nuclear plant, in Fukushima, was in meltdown and an explosion had blown its roof off. There was talk of evacuating Tokyo. Japanese stocks closed that day 6 per cent lower.
The cautious one will be that this past week has exposed the true face of an economy and a stock market that remains, in spite of some genuinely bright spots and well-conceived cosmetic efforts, quite ugly. Zombie companies were allowed to live too long. Improvements in governance, capital efficiency, diversity and professionalisation of management have come too late and too sparsely. Capital has been miserably misallocated.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: FT - 🏆 113. / 51 더 많은 것을 읽으십시오 »
출처: ftenergy - 🏆 47. / 63 더 많은 것을 읽으십시오 »