Japan's "Explosion of Greatness"HF
Now that Soros has made another billion, this time from the yen, have things finally changed for Japan?
A recap: for decades now, the Nikkei and indeed the Japanese economy has languished despite having the 3rd largest GDP by country. After the Japanese asset bubble of the the late 80s, the Japanese unsuccessfully used lower interest rates to revive growth and left two lost decades. However, the Abe-trade has revived interest in the short yen/long nikkei macro trade:
Now that Japan's finance minister has explicitly set a stock market goal of 13,000 by March of this year, is this just be beginning? After all, if Bernanke said s&p 500 to 1600 in 2 months, wouldn't that be... eventful?
For reference, the quote above is from Tepper's CNBC/call from earlier this year which predicted an "explosion of greatness" for US equity markets. His reasoning included bull views on housing, autos.
(Icon source: http://blog.eventbrite.com/how-to-create-your-own-...)