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Japan's Nikkei tops 40,000 for first time, as investors await China political meeting

28 Comments
By ZIMO ZHONG

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28 Comments
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More proof Govt. busy trying to prop up confidence in society with more BOJ EFT share purchase etc.

Meanwhile, consumer spending, savings and income all falling on an inflation adjusted basis. Go figure.

-3 ( +10 / -13 )

They've also been boosted by continued easy credit policies that has the Bank of Japan pumping money into the economy to help support growth.

The BOJ policies impoverish workers to give a guaranteed income to rentiers.

https://www.spectator.co.uk/article/qe-the-ultimate-subsidy-for-the-rich/

And even Nikkei knows the prosperity for the vast majority in Japan is orthogonal to Nikkei gains.

https://asia.nikkei.com/Economy/Japan-s-corporate-profits-aren-t-trickling-down-new-data-shows

-3 ( +6 / -9 )

And strangely enough, the Dow Jones Industrial Average is flirting with the same 40,000 benchmark! The only difference being the DJIA is not denominated in dollars; while the Japanese media always report the Nikkei 225 index in units of Yen and Sen...

5 ( +9 / -4 )

Gives the BOJ the option to unload their massive ETF holdings

5 ( +5 / -0 )

Who cares? Be 50,000, be 100,000. It is totally meaningless to the real economy and people’s struggling lives with huge price rises and stagnant wages.

The stock market is nothing but a rich man’s gambling club, like blackjack or roulette, backed by chinese money. The day will come soon when this particular bubble bursts, as they always do.

-10 ( +8 / -18 )

It's all a racket, thank the USA.

-3 ( +6 / -9 )

Little pretence any more: it's class war and the bourgeoisie are winning handsomely. The proletariat will be diverted with trinkets and propaganda, lies and bogeymen and any other means of mental production that work to bourgeois advantage. You don't even need to be a socialist to see that Marx was quite perspicacious.

2 ( +8 / -6 )

Good job!!

-2 ( +3 / -5 )

Meanwhile the number of ‘gig jobs’ at approximately 1000 yen an hour are increasing-the rot is becoming worse…

-7 ( +8 / -15 )

china? sorry i already pull out all my investment there, and i even close my HK account already. Now only focus on Nikkei and NYSE. stay away from china if you want to earn money, that place is only for those experts with insiders info. For ordinary people like me, i prefer the solid Nikkei NYSE

5 ( +8 / -3 )

And strangely enough, the Dow Jones Industrial Average is flirting with the same 40,000 benchmark! The only difference being the DJIA is not denominated in dollars; while the Japanese media always report the Nikkei 225 index in units of Yen and Sen...

What is the point? You really are reaching to try to say something, just what I dont understand.

Huge difference between 40,000 (US$) which would be roughly 5.8 MILLION yen compared to 40,000 yen which is what, about $274

0 ( +2 / -2 )

Stay away from china if you want to earn money, that place is only for those experts with insiders info. For ordinary people like me, i prefer the solid Nikkei NYSE.

I see what you did there.

0 ( +0 / -0 )

The BOJ policies impoverish workers 

Private sector employers are impoverishing Japanese workers. The BOJ’s policy is based on the premise that Japan’s corporation will share some of their booty with the people who work for them. So far, they are quite reluctant to do so.

1 ( +3 / -2 )

Next benchmark : 45,000 points, possibly by year's end.

On a related note - Bitcoin also ticking along just fine. Now at an historical record $65,500, up almost 200% in the past year!

1 ( +4 / -3 )

I find it perverse that capital gains, money made by simply owning something, is taxed less than actually working using your physical and mental capacities.

So long as this continues, money will flow from workers to the asset-rich. Having a few rich and lots of poor people is not good for society.

1 ( +4 / -3 )

Kishida has green lighted Corp $price gouging in order to put pressure on excess consumer savings, force people to unretire and attract foreign capital. It's rather shameless, I expected better from Kishida.

-1 ( +1 / -2 )

Go, baby, go! Up, up, up!!!

1 ( +3 / -2 )

Everyone, let's donate some of the money we earned to Noto.

1 ( +2 / -1 )

Well, it means very little to the average office worker in their daily life. It's only going to be worth it when you retire.(possibly).

JeffLeeToday  07:02 pm JST

Go, baby, go! Up, up, up!!!

What goes up WILL eventually come down. How much it falls by...nobody knows. When does it fall? Nobody knows. We've seen Dot com bubble. Housing bubble. Pandemic crash. Black Wednesday.Asset bubbles. 1997 financial crash. Anyone who tries to sell you a portfolio they'll manage....run a mile. Anything with fees over 1%...Run a mile. Be boring....set and forget, buy when high and buy when everyone panics. It's been one major roller coaster. One advantage I had was we couldn't see our investments online. Now it's there right in your face online. I think the pigs are in the troughs, waiting for the fed to overfeed them. and It seems we are in AI bubble territory. a bit like the dot com period.

-1 ( +2 / -3 )

It’s so astounding that I think I will go and see if I can pick up some cheap cut price food down at Daiei with the masses

-4 ( +1 / -5 )

Wish the "investors" would get off their rear ends and do a decent day's work for a change!

-2 ( +1 / -3 )

The stock market is nothing but a rich man’s gambling club

That's not true.

About 60% of American adults own stocks. The vast majority of them are not rich.

And for these scores of millions of Americans, stock ownership is vital for them to build wealth, ensure a comfortable retirement, and/or put their kids through school.

So, let's not be so quick to knock the stock market.

True, the richest 1% own a disproportionately high number of stocks in terms of population -- but what else should we expect? Rich people are always going to own the most of pretty much anything.

Simple reason: because they have more money than the rest of us.

And, rich people often own shares of stock in the same companies that many working-class people also own stock in. The investments made by those rich folks do end up benefiting the financial situation of the middle class investors.

So, again, let's not be so quick to knock the stock market as "nothing but a rich man's gambling club." This strongly suggests to me that you own no stock yourself and thus see no value in it for "regular folks."

You couldn't be more wrong.

This idea that the stock market is only for rich people is just not factually accurate.

3 ( +4 / -1 )

I find it perverse that capital gains, money made by simply owning something, is taxed less than actually working using your physical and mental capacities.

Well, if you own shares in a company, and it goes bankrupt… you lost your money. All of that which you invested in it.

A zero, 0% return.

So, simply owning something, may lose your your money….

So, this is “risky business”. And taking risks on business is actually… what results in people getting jobs, employed by businesses.

if you want to argue that income tax rates should be lowered, I have your back. But not if you want to hike capital gains tax rates based on the thinking that risking money in investment is easy money.

So long as this continues, money will flow from workers to the asset-rich.

Workers (employed by businesses invested in by risk taking investors) who invest their savings can grow their assets and become asset rich themselves.

Workers doing this in Japan these days don’t even need to pay any capital gains tax at all. The tax rate is effectively 0% for small investors.

Having a few rich and lots of poor people is not good for society.

I think your policy prescription would take us in that direction, not further away from it.

1 ( +2 / -1 )

Wow!

1 ( +1 / -0 )

It's very emptiness.

Japan's stock price continued to rise last about decade but actual wages never rise, median income was drastically down, poverty or inequality are expanded at society.

-4 ( +0 / -4 )

I find it perverse that capital gains, money made by simply owning something, is taxed less than actually working using your physical and mental capacities.

So long as this continues, money will flow from workers to the asset-rich. Having a few rich and lots of poor people is not good for society.

It's a shame that stocks are not available to anyone to purchase.

It SHOULD be taxed LESS.

0 ( +2 / -2 )

ABE234

What goes up WILL eventually come down.

OK, so you've never looked at any historical charts of the Sp500, the Dow, Canada's TSX, FTSE100, Germany's DAX, Singapore's STI. etc. Nearly all of the major stock exchanges in the industrialized world rise over the medium to long term, with many rising by huge margins.

We've seen Dot com bubble. Housing bubble. Pandemic crash. Black Wednesday.Asset bubbles. 1997 financial crash.

Which were all temporary setbacks. The US markets staged strong recoveries afterward.

0 ( +0 / -0 )

"Warren Buffett is ‘ahead of the game’ with Japanese investments" (10 months ago)

https://www.youtube.com/watch?v=6FpXLe5uyfM

"Warren Buffett on raising stake in Japanese trading houses" (10 months ago)

https://www.youtube.com/watch?v=Wl2i2NlycN4

"The REAL Reason Buffett Is Buying Japanese Stocks In 2023" (10 months ago)

https://www.youtube.com/watch?v=uVOundogDXo

"Goldman Sachs Says Japan Stock Market at 'Fascinating Time'" (9 months ago)

https://www.youtube.com/watch?v=4ArdR-LT-bo

"Nikkei can reach record high of about 40,000 in next 12 months" (8 months ago)

https://www.youtube.com/watch?v=qgqIgz1ufdA

"Japan's Nikkei stock market closes with biggest annual gain in a decade" (2 months ago)

https://www.youtube.com/watch?v=cHHbNjT_1cg

"Japan stocks soar with Nikkei 225 reaching 33 year high" (1 month ago)

https://www.youtube.com/watch?v=2TFV0M35CYk

"Nikkei Reclaims All-Time Record Last Reached in 1989" (11 days ago)

https://www.youtube.com/watch?v=AmbcPCOCAgU

"Japan's Nikkei stock index tops 40,000 for first time" (Yesterday)

https://www.youtube.com/watch?v=KSb0L1Ij6Rk

0 ( +0 / -0 )

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