Japan finally beats 1989, just in time to afford less than ever
The Nikkei’s up 5x. The yen’s down 50%. The GDP’s down 25%. That’s not a bull market, it’s an illusion. The Nikkei is up 5x since the GFC lows, now above 50,000, meanwhile: In 2009Japan GDP: ~5.3 trillion USDUSD/JPY: ~98 …