In Japan, stocks came off a long weekend well-rested and promptly rallied to near five-year highs as the Nikkei surged 3.55% on the back of Friday's strong U.S. jobs data. Some say Japanese equities (EWJ) have further to run. "The P/E multiple on forward earnings is about 15x [and] for the last decade, the average multiple has been 19 times," as told on CNBC.
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