Japan Autos Could Be Winners As Valuations Near Record Lows: Citi

The Japanese yen continued to rule weak against the dollar after last week’s solid GDP and jobs data out of the US, propelling stocks in the export-oriented country to solid gains.

The Nikkei 225 index put on 2.29% to close at 15,650.21 today. This was its best one-day gain in three months.

Year to date the index is up nearly 51%, and 2013 could be the best year for Japanese stocks since 1972.

Japanese stocks: Too much, too soon?

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