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Friday, March 29, 2024

As The Nikkei 225 Spikes To 19 Year Highs; How Do You Say Deja Vu In Japanese?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With real incomes collapsing, approval ratings at record lows, and PMIs back in contraction; is it any surprise that the last thing standing for Shinzo Abe to “show” the world his ‘progress’ is the stock market… the all-knowing arbiter of monetary and fiscal policy-maker success (and completely divergent indicator of real economic health). To wit, overnight saw Japan’s Nikkei 225 surged to its highest since Nov 1996 (up almost 150% since Abenomics devaluation was unleashed). The last time we saw such a surge brings a chill air to the conversation as Japanese stocks pass the halfway-back mark to 1989’s epic bubble peak, it is begining to look a lot like peaking once again.

19 Year Highs… The REAL Japanese economy must be awesome right?

Wrong?

And we suspect time is running out…

There is always a limit.

Charts: Bloomberg

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