The Japanese tried that and it didn’t work out too well.
Right you are. As I recall they bought several US landmarks at the peak but wound up holding the bag when prices dropped. I do think this time could be a little different however as the US economy is struggling now and there are probably some good value plays to be had. That of course depends on what kind of economic future we have. Right now it doesn’t look too bright (unless you happen to be amongst the Takers).