(Bloomberg) -- Shares of Japan's smallest listed
companies, Asia's worst performers last year, are staging a
comeback as tougher accounting standards revive confidence in
earnings reports and consumer spending rebounds.
The Russell/Nomura Small Cap Index, whose 1,332 members
have an average market value of $630 million, has outperformed
the Nikkei 225 Stock Average in six of the last seven weeks. The
measure trailed the Nikkei in all but two of the previous 17
months after executives of Internet provider Livedoor Co. were
arrested in January 2006 for fabricating profits, sparking
investor concern about the finances of second-tier companies.
Read more at Bloomberg Stocks News
companies, Asia's worst performers last year, are staging a
comeback as tougher accounting standards revive confidence in
earnings reports and consumer spending rebounds.
The Russell/Nomura Small Cap Index, whose 1,332 members
have an average market value of $630 million, has outperformed
the Nikkei 225 Stock Average in six of the last seven weeks. The
measure trailed the Nikkei in all but two of the previous 17
months after executives of Internet provider Livedoor Co. were
arrested in January 2006 for fabricating profits, sparking
investor concern about the finances of second-tier companies.
Read more at Bloomberg Stocks News
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