Lessons From Japan: Decades Of Decay, Unavoidable Collapse
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games.
Japan's fiscal and monetary extremes are in the news again: this time it's the Bank of Japan's extraordinarily large ownership of Japanese stocks, a policy intended to boost "investor sentiment" and prop up sagging equity valuations: