TOKYO -- Japanese stocks are looking less underpriced amid the rally that lifted a Nikkei Stock Average more than 2,200 points this week, with price-earnings ratios moving back toward their averages for the past decade.
Markets
Japan stocks move out of the bargain bin as rally continues
With some shares starting to look overheated, focus turns to earnings outlook
The Nikkei Stock Average on Jan. 12 ended the week up more than 2,200 points. (Photo by Taro Yokosawa)
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