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Japan just did something historic. The Nikkei has crossed the 71,000 level for the first time, extending one of the most violent developed-market rallies in modern history. In only three months, the index has surged roughly 37%, adding an estimated ¥386 trillion — about $2.6 trillion — in market value. That is not a normal … Read more
Everyone blamed America. But the deeper fault line runs through Japan. On Friday, June 5, markets fell hard. The Nasdaq dropped 4.2%. The S&P 500 lost roughly 2.6%. Gold fell more than 3%. Silver plunged almost 7%. Bitcoin dropped sharply and finished the week down nearly 18%. The obvious explanation arrived before the opening bell. … Read more
For nearly a decade, Japan dealt with its collapsing banking system by putting its hands over its ears and singing loudly. Not surprisingly, this strategy didn’t work. But recent reforms have restored Japan’s banks to improve investing options with Japan — and its stock market, as well. If you decide to go east, however, go … Read more