From Advisor Perspectives:
Note from dshort: Japan's Nikkei 225 has been on a tear of late and is now up 73.8% from its interim low in November of 2011. Its Monday gain of 3.55% puts the index up 36.41% in 2013. After months of discussion and press speculation, last month the Bank of Japan disclosed its radical redo of monetary policy. The index is up 14.71% since the day before the unveiling on April 4th.
What about Japanese government bonds? The closing yield on the day the Nikkei hit its interim low on November 25, 2011 was 1.53%. While the index is up 73.8%, the 10-year yield has plunged to 0.59%.
Here's a quick review of the Nikkei 225, the 10-year bond and inflation over the past few decades....
...MUCH MORE
Additional commentary from Jerome Garcia:
