As another example of "has the world gone mad?" - we present the following words of wisdom from BoJ Governor Kuroda-san:
- *KURODA DOESN'T SEE ANY ASSET BUBBLE OR STOCK MARKET BUBBLE, OR ANY 'FINANCIAL EXCESS' IN ECONOMY
And in the interests of sanity, we highly suggest he not look at the chart below...
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And while on the topic of utter insanity, ask yourself - as you read his statements of perplexing blind ignorance - just what happens to BoJ capital when his $95 billion equity portfolio suffers a 2%, 10%, 50% sell-off?
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We suspect he wouldn't be laughing as much had he seen the Bank of Japan's dreadful underperformance of the market in the last few years...
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