All of a sudden everyone’s obsessed with Japanese equities.
Now we all think the printing presses are creaking to life with a new inflation target of between 2 and 3%. And we all think this money printing – a last-ditch effort before the last of the Japanese workforce gets into adult diapers – will benefit the Nikkei’s stocks, specifically the shares of the big exporters.
Okay then.I gotta tell ya, in 15 years I haven’t seen so much excitement about Japan in my 15-year career. Probably because every rally has been a letdown, each breakout a false one.
But people are pumped. Traders, macro guys, you name it – people are freaking the f**k out for the Japan thesis.
Please read the following to get up to speed on the new
Missing The Big Japan Story (Tim Duy’s Fed Watch)
Nikkei hits 9-month high as Abe takes over as prime minister (Reuters)
The Biggest Economic Policy Story In The World Is Happening In Japan (Slate)
Yen Falls To The Lowest Since April 2011 As Abe Goes ‘Activist’ (ValueWalk)
Jeff Gundlach’s New Trade Idea Is Killing It (Business Insider)
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