TOKYO -- Charles Gave has earned a reputation for making bold investment calls during his 40-plus years working in finance. But for the last quarter century, the legendary French investor has wisely avoided making a bold call on Japan, choosing instead to sit out each of the five short-lived rallies that the Nikkei 225 index has staged since the investment bubble burst in the early 1990s.
He began to rethink his long-held position this year, however, after seeing signs of a strong rebound in Japan's private sector. For the first time since 1991, he became confident that Japan was entering a self-sustaining recovery.
