Well, this headline just tumbled in…….
…..providing more evidence of what a total farce “Abenomics†has been. These clowns have plunged Japan way over one quadrillion (yes, that is a word, and that is the amount) yen into debt, and what they have to show for it is an old age colony whose economy will never, ever regain the glory of the 1980s and 1990s.
My view is that the USD/JPY is going to fall and fall hard. The pattern is picture-perfect:
and, in turn, the Japanese stock market (which, like every other stock market on the planet over the past 4 weeks, has been sent sky-high on hopium) will likewise resume its diminishment.
