Japanese stocks soar to a record high, but is everything Japanese quite so healthy:
Sanae Takaichi’s landslide election victory on Sunday sent Japanese stocks through a succession of record highs this week, but even as paper profits were being totted up some investors in Tokyo were starting to wonder if the so-called “Takaichi trade” was slowly turning into a trap.
Divitas, I agree with your question.
Over the last decade or two we have gotten used to Japan’s economy being sort of a congealed structure.
It is now moving.
Like awakening to the realization that we are living next to a large dinosaur egg, we ought ask “Will it hatch out a staggering phoenix, a slow fat bronto, or perhaps a hungry pregnant momma T. Rex?
Throw in the policy quasi-connection that has been made by the current Japanese government of awakening the slumbering economic capital markets and preparing for a possible very dangerous encounter with China over Taiwan.
Been scraping bottom so long, things were pent up. It was a good buy.
We are waiting to find out if nations begin to default…or when?