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(Bloomberg) The Bank of Japan’s surprise lack of exchange-traded fund buying on Monday despite a drop in shares is spurring speculation the bank will stop purchasing ETFs, to try to make the nation’s stock market healthier by boosting liquidity for traders and reducing price distortion.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless RisksChinese Stocks Gain 2 ....
Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs.You couldn't catch one without waving a 10,000-yen note," he told AFP. The bill was worth around $70 back then and now although in the 1980s a greenback could buy a lot more than today. ....
Before Japan s asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs. ....
Wall Street stocks largely shrugged off a disappointing US inflation report Thursday, while Japan s Nikkei finished above 35,000 for the first time since 1990. ....