The Rising Influence of Rising Affluence

[wow_happens28]

Japan is rated the 3rd most likely big country to default behind Britain and the USA according to the article below. So, does the close proximity to much of developing Asia affect them as some say, me included about Europe and the multinationals? Well, I remember in the early 80's Mexico, Argentina, Columbia and others leading to bank defaults, BA especially, did not derail the USA growth for long. And somehow all those countries turned around, even Mexico with it's 50% inflation rate and good stocks with PE's of 2. So, this thinking of this board of long term holds on global companies positioned for the demographic tailwinds is a good strategy. That said, Japan is not part of that, IMO

http://www.atimes.com/atimes/Global_Economy/KK11Dj01.html

http://finance.yahoo.com/q/bc?s=BA+Basic+Chart&t=my