[quote=joec]Generally, I tend to think it’s not as gloom as doom as some of the other posters here, but the idea that the Bank of Japan is just going to throw money at stocks to stimulate the economy sounds a bit strange/scary…
If earnings collapse or slow and governments are buying in “just because”, it seems like this is a last gasp of the market.
There’s no reason to buy, just that the government needs to buy to make the price go up higher…seems like pushing on a string/trying too hard.[/quote]
Japan’s local economy is weird. However a lot of their actions as of late are experimental and motivated more on politics than good policy.
By itself, BoJ can’t move the needle that much in the global marketplace. Japan has very different demographics than most of the world which can make their policies a little different, and their corporations have even more direct control of the government than ours do.
