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© KYODONikkei up 16% in 2020 for highest year-end close since 1989
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© KYODO
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JeffLee
I predicted good upside from Japanese stocks a few years and once again have been proven right. I ditched my financial adviser years ago. LOL.
@fxgai
Same can be said of all the major economies, although it can't be called a "bubble," given the gradual, medium-term rise of the NIkkei since the implementation of the corporate governance code and a lack of real estate speculation.
Open Minded
Stock market has been long disconnected with real economy. With COVID19 it is all about expecting relief money will be put on the casino scene. Obscene!
Sindhoor GK
96 billion dollars*
Sindhoor GK
@fxgai well..BOJ brought the stocks ETF till the nikkei hit 19500 when the stock hit the bottom at 16500. rest of the rally is investor driven rally. hell.. BOJ made a handsome profit of 96 billion.
TARA TAN KITAOKA
This money game had gone on far enough. Stop it before we bring it crashing down .
dagon
Massive monetary easing and fiscal stimulus is basic income for bankers propping up financial markets as the vast majority of the public suffers in a pandemic depression.
We need better indicators of the financial health of society and better distribution of resources.
fxgai
This time around it's a central bank driven asset bubble economy, because many actual businesses have been doing it tough this year.
Was reading an article just now about the impacts of the BOJ's stock market purchases. Apparently the number of shareholders in Japan has been flat at 13 million in the time since the BOJ started buying stocks, so those 13 million people are the ones who have been doing alright out of the BOJ's moves (so far).
I look forward to a more normal situation, where the national authorities aren't pushing various inequalities as they have been doing...