Eveillard discusses the dual stock and real estate bubbles that have caused a hangover in Japan for the past 20 years. He sees that the country is now going to try and inflate their way out of the 20-year slump.
Despite the low growth environment in Japan, Eveillard is able to find world-class companies trading in the country at very reasonable valuations and he provides a couple of examples.
When you back out the cash on the balance sheets of these companies they are particularly reasonably valued.
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