Nikkei surges above 10,000 for 1st time in 8 months

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  • 2

    some14some

    Santa Claus is coming to town...Investors welcoming Abe's trillions of Yen ! How long will it last?

  • 3

    Farmboy

    He's printing yen notes, and checkin' em twice. No need to find out who's naughty or nice...

  • 2

    JapanGal

    Bank of Japan to take more aggressive monetary easing steps.

    And do what? Start paying people to deposit money?

  • -1

    TheInterstat

    Give it a week and it will be back to the levels we have been seeing for the past year.

  • -2

    basroil

    JapanGalDec. 19, 2012 - 08:21PM JST

    And do what? Start paying people to deposit money?

    Not when they can just print it.

  • 0

    malfupete

    they better hope to god they don't get caught in a liquidity trap - or depending on who you believe they are already there because interest rates are so low anyways and it has not done a lot to encourage growth.. the purpose of printing money is to lower prevailing interest rates, stimulating growth.. interest rates can't go below zero

    as for paying people to deposit money.. with interest rates set to go down b/c of the bond buying there is no difference between putting your money in the bank or hiding it under the matress, both will pay you the same amount of interest which is effectively zero. The people here are literally just giving money to banks for them to hold on to it and nothing more

  • 0

    kevininjapan

    JapanGalDec. 19, 2012 - 08:21PM JST

    And do what? Start paying people to deposit money?

    Don't know. Is it not supposed to make people feel they had better spend than save, leading to the upward tick of the economy? It's been proposed by some, including Martin Wolf. Now we will get to see whether this will work in practice.

  • 1

    nigelboy

    TheInterstatDEC. 19, 2012 - 09:02PM JST Give it a week and it will be back to the levels we have been seeing for the past year.

    I reckon you don't get a lot of people asking for financial advice.

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