Nikkei closes at 15-year high

Nikkei hits nearly 15-year high

I am happy provided pension funds are still there !

Good for my international stock fund which tracks a lot of Japanese blue chips. But what goes up can go down, and there is froth aplenty in a lot of global funds.

The yen is so low for frack sake the yen isnt low on historical charts, its about where it was before the GFC and the US massive QE. having the yen below is 100yen/ $1 is artificially high and was only at that level because of the US QE. people who cry that the yen should be high so there imports are cheap and there money worth something when sent back home, help the J economy very little. High Yen lovers need to live with the fact that 80~100yen range wont be back anytime soon and need to live with it.

Can only go down from here!

"The yen is so low that of course stock prices are higher but their actual value hasn't changed. Why can nobody see that?"

Priceless…the comments section really brings something to the debate, don't you think ?

There are huge amounts of capital in the world (doubling about every 17-20 years) and it has to go somewhere and prefers to be put into asset investments rather than productive investments, as they bring higher returns. This capital roams the globe looking for positive signals and they are finding one in the QE policy, whereby the gov't through the BOJ purchases stocks. Another is the Japan pension fund shifting its portfolio to hold more stocks. Both these moves emboldens investors to become bullish on the Nikkei. This is a classical bubble and part of class warfare and does not signal that the economy is fundamentally strengthening. When the bubble bursts, we know who will suffer most.

The Nikkei setting a record high is good. BUT consumer spending is way down, the "recovery" is weak and pathetic, and Kuroda does not want to inject any more quantitative easing into the mix despite the weakness of the economy. That suggests that the Nikkei record high is not necessarily all that sustainable. The American economy is actually pretty robust, and the record highs there might be a better bet. Mrs. Watanabe might want to do some research.

"Mrs. Watanabe might want to do some research."

I luv the guy ! He's got $5,000 invested in some ETF on the S&P and thinks he is Gordon Gekko already !

This is a classical bubble and part of class warfare and does not signal that the economy is fundamentally strengthening.

warispeace -- aside from your "class warfare" comment, I agree completely. The run up of the Nikkei is very much speculative rather than based on improved fundanentals, But, as the article says, thank god for the U.S. recovery, because if Japan had to rely on its own domestic consumption, this would be a much different story.

Seems to to japan is starting to gain some momentum, some ares are showing growth, nikkei, tourism, exports, industry, etc, regardless.