- The Bank of Japan provided another shot of monetary stimulus, surprising markets all around.
- We think that under the conditions, they didn’t have much choice, there isn’t any clear alternative.
- We could learn from history, in the 1930s both the US and Japan beat the depression, only to shoot themselves in the foot. The April sales tax hike was similarly.
- While Japanese markets might have to digest a one-day 5% jump, renewed conviction in Abeconomics will likely produce more gains, as well as a falling currency.
Japanese Shares Still Worth Considering?
December 31st, 2014 · No Comments