Take a look under the hood of the Japanese economy to get a balanced view of what this milestone may mean relative to the end of the “bubble economy” of 1989.
Japan will be fine and prosper over the next 15 years.
But thinking that being tied to the US will in anyway help Japan, really shows your ignorance on true economics. I’d suggest studying up on Austrian economics. If anything, being tied to the US anytime in the next 5 years will be a burden on Japan.
Unfortunately, I don't think that the new high on the Nikkei-225 is particularly meaningful or good news. The rise in the index has more to do with the deteriorating purchasing power/debasement of the JPY as a result of the huge and growing national debt. The debt-to-GDP ratio is now 264% and the budget deficit is 4% of GDP. The stock market is also a fake market. It is so manipulated. Compared with land, the stock market is relatively easy to massage and manipulate.
The same is true of US markets. Ties to the US will not help Japan. The US is in a debt trap and close to the mother of all financial and monetary crises. Currency collapse is inevitable. The only question is whether the dollar or the yen will collapse first.
The official figures on everything are fake. In the six years that I have been living in Japan, the cost of my groceries and eating at our local sushi restaurant, for example, have more than doubled.
Japan will be fine and prosper over the next 15 years.
But thinking that being tied to the US will in anyway help Japan, really shows your ignorance on true economics. I’d suggest studying up on Austrian economics. If anything, being tied to the US anytime in the next 5 years will be a burden on Japan.
Unfortunately, I don't think that the new high on the Nikkei-225 is particularly meaningful or good news. The rise in the index has more to do with the deteriorating purchasing power/debasement of the JPY as a result of the huge and growing national debt. The debt-to-GDP ratio is now 264% and the budget deficit is 4% of GDP. The stock market is also a fake market. It is so manipulated. Compared with land, the stock market is relatively easy to massage and manipulate.
The same is true of US markets. Ties to the US will not help Japan. The US is in a debt trap and close to the mother of all financial and monetary crises. Currency collapse is inevitable. The only question is whether the dollar or the yen will collapse first.
The official figures on everything are fake. In the six years that I have been living in Japan, the cost of my groceries and eating at our local sushi restaurant, for example, have more than doubled.
https://alasdairmacleod.substack.com/p/keynesian-credit-creation-meets-its