business

Nikkei falls in 2018 final session, marking 1st annual loss in 7 years

21 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© KYODO

©2024 GPlusMedia Inc.

21 Comments
Login to comment

but unlimited amounts of it courtesy of voodoo economics QE

That wasn't Obama. Monetary policy is the job of the Federal Reserve, which operates independently of the White House. Anyway, it worked well since the US economic recovery was fully underway by the time tapering ended.

Deficits and debt are not the same but closely linked. Tracking the changes to the year to year federal balances is a good way to determine how the administration and govt are spending and taxing. The national debt doesn't matter much anyway, since the dollar easily maintained its global reserve status while Treasuries continued to be a favorite way for global investors to park their money, even while offering tiny yields, by the time Obama left office.

Let's see what happens when Trump leaves office.

1 ( +1 / -0 )

Um, you're showing a lack of understanding on how these things work. The debt is the cumulative sum of deficits. The debt increases more when deficits are larger, and increases less when deficits are smaller.

Ummmm....no! The debt is NOT the cumulative sum of deficits. You need to read up on what constitutes the national debt. It includes things like government bonds sold to the Chinese and Japanese which are only indirectly associated with Government deficit expenditure. Nice try.

-1 ( +0 / -1 )

deficit spending was reined in somewhat. The national debt meanwhile went through the roof on Obama’s watch

Um, you're showing a lack of understanding on how these things work. The debt is the cumulative sum of deficits. The debt increases more when deficits are larger, and increases less when deficits are smaller.

The increased debt under Obama was a result of the deficits that came around from starting and maintaining two wars, combined with a financial crisis, done by the previous administration. Obama significantly lowered the deficit during his two terms, meaning the amount of debt increased slower due to his actions. Now Trump passed the $1 billion tax reform last year, which will increase the deficit, which will increase the debt.

So your comment that it happened on Obama's watch was irrelevant. Look at who created the deficits that led to that debt.

0 ( +2 / -2 )

Yes, deficit spending was reined in somewhat. The national debt meanwhile went through the roof on Obama’s watch. No money for border protection on the Dems watch, but unlimited amounts of it courtesy of voodoo economics QE to assist the globalists in bringing their dreams to fruition.

-1 ( +0 / -1 )

Stock market has little meaning other than stock market. 

This article is about the stock market.

Obama’s time in office also happened to coincide with an increase in the US national debt from 11 trillion to over 20 trillion dollars.

Bailing out the global financial system tends to be expensive.

Obama drastically shrank federal deficits once the recovery was underway. In his first year of office, it was 1.4 tril. By his last year, he got it down to 580 bil.

1 ( +1 / -0 )

Is it the end of the mini bubble era?

0 ( +0 / -0 )

Remember that the BOJ is buying into the Nikkei Index.

0 ( +0 / -0 )

Two wars that owed less to any philosophical predisposition for war on the part of “the other side”, than to opportunist Neocons spawned from the hard left.

-1 ( +1 / -2 )

“the Dow was at around 9000 when Obama came in about 20,000 when he left , Trump 20000 in currently 23000, just some persepctive”

Obama’s time in office also happened to coincide with an increase in the US national debt from 11 trillion to over 20 trillion dollars.

-4 ( +0 / -4 )

@Ganbare Japan! - Abenomics policies have boosted the stocks since 2012 in a big way. 2019 will be a boom, with Japan-led TPP coming into affect, continued tourism boom, and Olympics just around the corner.

Oh, boy! You just don't get it, do you? Yes, Abe has boosted stocks by giving corporations tax cuts at the expense of the middle class. He has also increased taxes at the expense of the middle class. The TPP will have a negative effect on the Japanese economy with an influx of cheaper imported goods, meaning the money will leave Japan. And, the Olympics? Well, a little dip into history will show you that not one city of country that has hosted the Olympics in the last 50 years has profited from it. In fact, the majority of the cities were left with huge debts that will take decades to repay. Tokyo will be no different. The Nikkei is what Abenomics is meant to pad and to give a false reckoning of a stable economy. However, the reality is, 90% of the population have less money in their pockets than ten years ago while stocks grow due to employee abuses. Just smoke and mirrors economics! TIJ!

6 ( +6 / -0 )

Stock market has little meaning other than stock market. Japan GDP dropped $trillions in 5 years of Abenomics.

-1 ( +0 / -1 )

 bit of perspective on where the U.S stock market is at now and at the end of 2016, just 2 short years ago.

bit or pperspective of how the stock markets performed under each POTUS. Obama 148%, Reagan 146%

Clinton 228%, Bush -26%, Trump currently 16%

https://www.macrotrends.net/2481/stock-market-performance-by-president

1 ( +1 / -0 )

Decliners were led by pharmaceutical, retail, and oil and coal product issues.

And well deserved. The first industry largely unethical, retail - the illusionary face of consummerism, and oil and coal - the ultimate sunset industry that's been poisioning the planet for way too long.

Good riddance to all of them.

4 ( +4 / -0 )

Not supporting Trump at all, just providing a bit of perspective on where the U.S stock market is at now and at the end of 2016, just 2 short years ago.

the Dow was at around 9000 when Obama came in about 20,000 when he left , Trump 20000 in currently 23000, just some persepctive

2 ( +3 / -1 )

Signs of a softening on immigration. soft yen, loads of tourists...seems like a lot to like here.

-7 ( +0 / -7 )

The Nikkei has more than doubled since Abe came to power.

@ Jeff Lee - exactly. 2018 was just a dip due to influence of US Stock market. Abenomics policies have boosted the stocks since 2012 in a big way. 2019 will be a boom, with Japan-led TPP coming into affect, continued tourism boom, and Olympics just around the corner. Furthermore, the nationwide parties in March/April for Royal retirement and accession will be a massive boost, with households spending on consumer goods for the big parties.

-10 ( +1 / -11 )

The Nikkei has more than doubled since Abe came to power.

Also, the U.S stock market was sub 20,000 before Trumps election.

Not supporting Trump at all, just providing a bit of perspective on where the U.S stock market is at now and at the end of 2016, just 2 short years ago.

0 ( +4 / -4 )

Trump raised the stock prices and lowered the prices too. It all depends how the relations of U.S. and China will become in the coming year. Diplomatically and militarily Trump is a good friend of Japan and helped us in holding down arrogant China while economically Japanese companies and economy are already deeply involved in trade with China. It is a dilemma.

-8 ( +1 / -9 )

Abenomics at its finest...

The Nikkei has more than doubled since Abe came to power.

-7 ( +1 / -8 )

Abenomics at its finest, well except for those countries that are not Japanese.

5 ( +5 / -0 )

So much for keeping it going.

6 ( +6 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites