Amazingly, the recent rally in the Nikkei Dow means it now over 10,000 — down from 40,000 in 1989. It has lost 75% of its value since 1989.
Congratulations to the Japanese for their outstanding zombie banks, fiscal and monetary policies. We enjoy them so much we are trying to do the exact same thing!
Nikkei Dow 1970 – 2009
chart courtesy The Chart Store
Dollar Rises as Yosano’s Comments Ease Diversification Concern
Ye Xie and Matthew Brown
Bloomberg, June 12 2009