Original post:
Okay, now what?*
From Reuters:
...MORE
TOKYO, April 5 (Reuters) - Japan's Nikkei share average is expected to scale new heights on Friday, possibly head above 13,000 for the first time in nearly 5 years, after the Bank Of Japan announced a bold plan the previous day to pump well over $1 trillion dollars into the economy to reignite growth. A sharp drop in the yen is also expected to feed investor appetite for exporters, analysts said, while the BOJ's dramatic stimulus plan on Thursday is generally seen as underpinning the easy money policies adopted by other global central banks that should support equities. Market players said the Nikkei was likely to trade between 12,800 to 13,100 on Friday after rising 2.2 percent to 12,634.54 on Thursday. A move above 13,000 would mark the first such break of the level since August 2008. Nikkei futures in Chicago closed at 13,015, up 2.3 percent from the close in Osaka of 12,720.
*From this morning's Bank of Japan '"Shock And Awe' Post-Mortem From Goldman And SocGen'":
...The Nikkei 225 closed at 12,634.54, still 3% or so from the first target, 13,000.See also:
I'm getting too old for this stuff.
Feb. 11, 2013For a more granular look at what just happened Alphaville posted "The BoJ massive" which also linked to an FT blog I keep forgetting about, Money Supply, who had posted "BoJ revolution: five things you need to know".
"Japan’s economic minister wants Nikkei to surge 17% to 13,000 by March"
"No typo: Analyst sets Nikkei 63 million target" (it's Société Générale's Dylan Grice)
Here's the BoJ's English language page.
Finally Quartz drew us a picture:
It’s hard to explain what Abenomics is, so we drew you a picture
The Bank of Japan’s (BoJ) unveiling of its new monetary policy earlier today marked the first real test of “Abenomics,” as the world now calls prime minister Shinzo Abe’s bundle of policies aimed at escaping 20-plus years of deflation....MORE
