Japanese Shares Still Worth Considering?

  • 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? | Seeking Alpha