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L_T wrote:All you have to know this morning: full kamikaze by BOJ.
nothing wrong? You mean it's temporarily END being imprinted on bears' forehead?Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
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Renewed up strength. I see nothing wrong.
That is terrifying.thelefteyeguy wrote:we are never going down again
from WSJ:
The “qualitative” part of the BOJ’s QQE purchase plan is also risky in other ways. In addition to bonds, the BOJ is investing heavily in private assets — a line central banks also hesitate to cross — by buying stocks in the form of exchange-traded funds, or ETFs, and real estate through Japan real estate investment trusts, or J-REITs. Those assets had been in the mix before, but will be tripled. The figures are small compared to the JGB purchases — 3 trillion yen for ETFs, 90 billion yen for J-REITs — but can have a big influence on markets.
Even before the latest increase, the Nikkei newspaper reported on Oct. 29 that the BOJ’s stock portfolio — estimated at Y7 trillion — made it the third-largest shareholder in Japanese stocks, after the Government Pension Investment Fund and Nippon Life Insurance.