Biz Watch

ITSUO INOUYE/AP

Finally, Japan's economy seems to be stirring

Land Of The Sun Is Rising
European investors are missing out on one of the biggest stock-market rallies of the year — in Japan. As France's economy officially entered recession and Germany showed optimistic signs (and continued sputters), the Nikkei index of Japan's largest companies closed above 10,000 points last week for the first time in a year, and is up more than 30% from its low in April, outperforming the U.S. and many other markets. Behind the rise are signs that Japan's prolonged slump may be over.

Foreign capital is pouring back into the...

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