to be a savvy investor then I think buying Aflac is your man.
Now I write this as I am studying this company so these are whims and notions.
But the way I understand it is that Aflac derives the majority of its business in Japan and not the credit ridden US. And additionally the way I understand it the carry trade is still not unwound. So besides the fact it is a solid company with a PE of 14 which I will assume is valued at its growth rate then the fact that possibly the Yen can appreciate 10-20% should really help Aflac's bottom line.
Unless of course they were borrowing Yen as well and levering up so need to study but it looks interesting.
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