Nikkei hits 52 week low
Tuesday, November 13th, 2007After what was looking like another promising year for the Japanese economic rebound, the past 6 weeks has seen the Nikkei drop 15%, sending the market to its lowest point since August 2006. The gloom surrounding the market has begun to resurface that perhaps the rebound is not sustainable and the country may be headed for a continuation of its multidecade long recession. The Nikkei index has lost 62% of its value from its peak 18 years ago.