Nintendo Offers Hope that Japan's Recovery May be For Real

After years of underperforming the Japanese and global stock markets and seeing four consecutive years of substantial sales declines, Japanese bellwether Nintendo seems to be righting the ship. Investors seem to be catching on as it is the best performing stock in Japan over the last week and month. The stock is also beginning to look attractive in our relative strength Point & Figure charts as the nearly four-year-long downtrend seems to be reversing. Trend changes such as this should provide at least some hope that corporate Japan still has the wherewithal to compete on the global playing field.