JPY & Nikkei Pop On Abe's Call For More Stocks In Pension Fund
As if this morning's Draghi moves were not enough to show that there are no markets - just manipulated prices from central planners - Japan's Shinzo Abe just dropped another 'random US session' tape bomb:
- *JAPAN’S ABE ASKS PENSION FUND TO RAISE STOCK INVESTMENT: NIKKEI
USDJPY and the Nikkei 225 futures are popping in this news - which is not so much news as he has been pushing for this risk-seeking behavior from the nation's pension fund for months. His efforts this time are for health and welfare minister Tamura to announce the move in September (before the original year-end deadline).
Of course, with Abe's ratings in lockstep with the stock market, it's no surprise...
We are sure this will end well - following Abe's demands that the GPIF invest in the world's junk bonds (because there's additional yield with no risk)...
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