Japan has invented a new form of economics. The Japanese government spends 80T yens a month on buying bonds, stocks and real estate ETFs in addition to forcing the retirement fund (127T yen) to buy stocks. The Japanese stock market is booming and doing well. The Japanese economy? Not so well. The yen has lost 37% of its value the last two years and the economy took a 1.6% drop in Q3, after a 7.1% drop in Q2.
Japan has ruined its currency and is on the way to bankruptcy in order to buy a recession. And the miracle? That the people put up with it.
Wednesday, November 19, 2014
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