Wake up Vietnam: Tuesday, February 19, 2013
US markets were closed yesterday, and European markets were mixed. Asian markets were generally firm, with the exceptions of China, Hong Kong and Malaysia. Japan rose over 2% as investors were cheered by the continued weakness in the Japanese yen. Japan successfully made it through the G-20 meeting without having to defend its policy of deliberately weakening the yen to promote inflation. Japan’s problems are almost the exact opposite of Vietnam’s.