Monday, April 6, 2015

Japan monetary policy like a "ponzi scheme"

Abenomics is a failure. The real purpose is defeated. Income adjusted in dollar terms is tumbling, exports are down in dollar terms, while retail spending is low. Government debt is increasing and the Bank of Japan is keeping on buying bond. I see this like a ponzi scheme run by the government. 

While the Japanese market doesn’t attract me, international investors are bullish because in dollar income terms corporate earnings are improving.