Tokyo Stock Exchange Targeted
The Nikkei 225 Index of the Tokyo Stick Market has been in an upward trend since the regime change which occurred in last December.
New Prime Minister Abe changed the governor of the Bank of Japan from Shirakawa to Kuroda who has cooperated with PM Abe to realize a reasonable exit from the 15-year long deflation of the Japanese economy.
Governor Kuroda decided to purchase Gov. bonds from the market and financial institutions almost twice more than in the era of Shirakawa. After selling bonds they have to the Bank of Japan, Japanese banks must naturally buy stocks in the Tokyo Stock Exchange.
In addition, this huge supply of the yen to the market has led the exchange market to the weaker yen against the US dollar. Accordingly, prices of stocks of Japanese exporters have been increased, further pushing up the benchmark index of the stock market.
But, recently, it fell 1,000 yen last Thursday and 700 yen today while the index is still around 14,000 yen, almost 500 yen higher than when Shinzo Abe assumed PM office last December. Anyway, there is a kind of shock and awe among Japanese investors, since foreign investors who buy and sell stocks in the Tokyo market account for 60% of all.
Maybe it is time fore the God to interfere for some serious reasons.
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Joh 5:30 I can of mine own self do nothing: as I hear, I judge: and my judgment is just; because I seek not mine own will, but the will of the Father which hath sent me.