Japan in the Eye of an Economic Hurricane?

 

The decision by Bank of Japan (BOJ) Governor Haruhiko Kuroda to adopt a negative interest rate caught many off guard. It’s also proving to be incendiary in the domestic political context. Prime Minister Shinzo Abe has faced a number of attacks from opposition politicians in the days following Kuroda’s gambit, and the attacks are gathering steam given the state of Japanese equities over the past week.

The Nikkei 225 is down around 8.5% so far in what has been a dismal week for global equity markets.

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Source: GeoPoliticalMonitor

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