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	<title>Active Investing &#187; Japan &#8211; Invest/Econ</title>
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	<link>http://steventowns.proxyexchange.org</link>
	<description>VALUE INVESTING, SHAREHOLDER ACTIVISM</description>
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		<title>Nintendo bottoming: worries over games proven overdone again</title>
		<link>http://steventowns.proxyexchange.org/2012/01/nintendo-bottoming-worries-over-games-proven-overdone-again/</link>
		<comments>http://steventowns.proxyexchange.org/2012/01/nintendo-bottoming-worries-over-games-proven-overdone-again/#comments</comments>
		<pubDate>Fri, 06 Jan 2012 03:00:26 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[Sentiment]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[Yen]]></category>

		<guid isPermaLink="false">http://steventowns.proxyexchange.org/?p=874</guid>
		<description><![CDATA[I have followed up on my original bullish take on Nintendo (NTDOY.PK) (JP: 7974) from June. In my latest, carried as an exclusive on Seeking Alpha, I explain why I remain bullish on Nintendo and among other things include mention of recent Japanese analyst actions. *Click “Read Full Story” below for hyperlink to Seeking Alpha.*]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Explaining Nintendo&#8217;s 10% Jump</title>
		<link>http://steventowns.proxyexchange.org/2011/08/explaining-nintendos-10-jump/</link>
		<comments>http://steventowns.proxyexchange.org/2011/08/explaining-nintendos-10-jump/#comments</comments>
		<pubDate>Mon, 15 Aug 2011 12:03:16 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[Yen]]></category>
		<category><![CDATA[equities]]></category>
		<category><![CDATA[Nintendo]]></category>
		<category><![CDATA[value investing]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=828</guid>
		<description><![CDATA[Shares of Nintendo (NTDOY.PK) (7974) jumped 9.8% overnight in Japan, while the broader market (the Nikkei 225) was up a far more modest 1.4%, and as the yen remained stubbornly (relatively) strong at Y76.65 against the US$. What explains this big move? The Japanese business press is at a loss for the most part. The [...]]]></description>
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		<title>Internet Initiative Japan: attractive value and growth</title>
		<link>http://steventowns.proxyexchange.org/2011/05/internet-initiative-japan-attractive-value-and-growth/</link>
		<comments>http://steventowns.proxyexchange.org/2011/05/internet-initiative-japan-attractive-value-and-growth/#comments</comments>
		<pubDate>Wed, 25 May 2011 12:10:55 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[dividends]]></category>
		<category><![CDATA[IIJI]]></category>
		<category><![CDATA[Internet Initiative Japan]]></category>
		<category><![CDATA[value investing]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=819</guid>
		<description><![CDATA[Internet Initiative Japan (IIJI) (Tokyo: 3774) is a longtime shareholding and is one that I intend to hold on to for the long haul. Following my &#8220;friendly&#8221; activist dialogue with the company beginning early last year, the company has subsequently raised its dividend four times by an aggregate 50%. And there is further potential to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>iShares MSCI Japan Index EWJ Fact Sheet</title>
		<link>http://steventowns.proxyexchange.org/2010/11/ishares-msci-japan-index-ewj-fact-sheet/</link>
		<comments>http://steventowns.proxyexchange.org/2010/11/ishares-msci-japan-index-ewj-fact-sheet/#comments</comments>
		<pubDate>Sun, 14 Nov 2010 20:50:42 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[ETFs]]></category>
		<category><![CDATA[EWJ]]></category>
		<category><![CDATA[iShares MSCI Japan]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=580</guid>
		<description><![CDATA[iShares MSCI Japan Index (EWJ) is an ETF (exchange traded fund). Many investors and traders are familiar with EWJ, the ticker, but more often than not, I find that individuals misunderstand what EWJ really represents. I first created this fact sheet in 2007 as a reference page on my website (http://steventowns.com) and I update it [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Unlocking value in Japanese real estate</title>
		<link>http://steventowns.proxyexchange.org/2010/08/unlocking-value-in-japanese-real-estate/</link>
		<comments>http://steventowns.proxyexchange.org/2010/08/unlocking-value-in-japanese-real-estate/#comments</comments>
		<pubDate>Thu, 05 Aug 2010 03:17:57 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Book Review]]></category>
		<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[JREIT]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[REIT]]></category>
		<category><![CDATA[Yen]]></category>

		<guid isPermaLink="false">http://steventowns.com/?p=534</guid>
		<description><![CDATA[Christopher Dillon, a Hong Kong-based entrepreneur, writer, and real estate investor, is the author of two books about real estate (his first covered property transactions in Hong Kong, and his latest published this May, covers Japan). Landed: The guide to buying property in Japan, is a must-read, not just for those considering buying a property [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Domestic and overseas factors a plenty for Japan</title>
		<link>http://steventowns.proxyexchange.org/2009/10/domestic-and-overseas-factors-a-plenty-for-japan/</link>
		<comments>http://steventowns.proxyexchange.org/2009/10/domestic-and-overseas-factors-a-plenty-for-japan/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 13:49:02 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Earnings]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[Market Summary]]></category>
		<category><![CDATA[Yen]]></category>
		<category><![CDATA[debt moratorium]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[JAL]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Japan Post]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[tokyo]]></category>
		<category><![CDATA[Topix]]></category>
		<category><![CDATA[traders]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/10/26/domestic-and-overseas-factors-a-plenty-for-japan/</guid>
		<description><![CDATA[More often than not, it is overseas factors that have the largest influence on trading in Japan. However, from time to time there is enough commotion domestically that also warrants the attention of investors. Unfortunately, the cacophony coming out of the government these days is more concerning than usual (e.g. Japan Post management/reform, debt moratorium, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Strong yen the new norm as Japan poised to reform?</title>
		<link>http://steventowns.proxyexchange.org/2009/08/strong-yen-the-new-norm-as-japan-poised-to-reform/</link>
		<comments>http://steventowns.proxyexchange.org/2009/08/strong-yen-the-new-norm-as-japan-poised-to-reform/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 13:25:00 +0000</pubDate>
		<dc:creator>Steven Towns</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Japan - Invest/Econ]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[Yen]]></category>
		<category><![CDATA[domestic demand]]></category>
		<category><![CDATA[DPJ]]></category>
		<category><![CDATA[exports]]></category>
		<category><![CDATA[FDI]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[LDP]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[parliamentary election]]></category>
		<category><![CDATA[small cap]]></category>
		<category><![CDATA[strong yen]]></category>

		<guid isPermaLink="false">http://steventowns.com/2009/08/20/strong-yen-the-new-norm-as-japan-poised-to-reform/</guid>
		<description><![CDATA[Interesting developments in the Nikkei ahead of the parliamentary election at the end of this month, which at this point looks as if it will finally bring an end to LDP rule. A foreign exchange rate of $1/¥94 would have been practically inconceivable prior to the &#8220;Lehman shock&#8221; (as the Japanese refer to the genesis [...]]]></description>
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