This is just a textbook example of why stock market cap doesn't mean anything when it comes to reflecting how powerful the economy is. Especially when a lot is just due to cheap yen so speculation. Toshiba which was once one of the crown jewels of Japan isn't even listed anymore so that should tell you something.
Nikkei index surges past 1989's all-time high
I genuinely feel bad for the modern Japanese people, imagine a country backsliding for 35 years. It's probably better Japanese people don't visit China, the comparison would make them feel even worse.
Nikkei index surges past 1989's all-time high
I genuinely feel bad for the modern Japanese people, imagine a country backsliding for 35 years. It's probably better Japanese people don't visit China, the comparison would make them feel even worse.
This is just a textbook example of why stock market cap doesn't mean anything when it comes to reflecting how powerful the economy is. Especially when a lot is just due to cheap yen so speculation. Toshiba which was once one of the crown jewels of Japan isn't even listed anymore so that should tell you something.
Nikkei index surges past 1989's all-time high
I genuinely feel bad for the modern Japanese people, imagine a country backsliding for 35 years. It's probably better Japanese people don't visit China, the comparison would make them feel even worse.
Some people I follow that talks about economics.USD/YEN >158 The sharks smell blood.
RIP. Japan had a good run.