Is Japan the canary in the coal mine?

After last October’s initiation of “Abenomics”, the quantitative-easing-like monetary policy initiated by Japanese Prime Minister Shinzo Abe, the Nikkei has rallied some 50%. Then, last week, Mr. Abe pushed the Bank of Japan to adopt a higher inflation target of 2%. Markets have reacted with concern…

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Is Japan the canary in the coal mine?

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