4 ms·
> Things are so bad they've taken to destroying the Yen to buy a very short amount of time, which is accelerating the overall erosion and rapidly dropping the s
by jvm 12y ago
> Things are so bad they've taken to destroying the Yen to buy a very short amount of time, which is accelerating the overall erosion and rapidly dropping the standard of living in Japan
This is an interesting perspective. If the falling yen is so bad for consumption, why is the yen anti-correlated with equity performance? Equity performance should be a measure of real expected national income. If a falling yen meant less income, equities should drop as well, just as inflationary shocks in the 1970s were met with sagging equity prices.
Also the Nikkei is up roughly 50% from the time Abenomics was announced in late 2012.
If you are correct that Abenomics will fail, you should be able to make a killing in the markets.