CLSA: “The Bank Of Japan Has Nationalized The Japanese Stock Market”
- Illuminist central banksters create money out of thin air and buy up the world. What a marvellous SCAM. Imagine owning the Japanese stock market with money created out of nothing! And its perfectly legal.
- CLSA: “The Bank Of Japan Has Nationalized The Japanese Stock Market”
by Tyler Durden, http://www.zerohedge.com
Following the recent announcement by the BOJ that it would double its ETF purchases to ¥6 trillion, or $58 billion, up from the current ¥3.3 trillion, which is the equivalent to the Fed purchasing $580 billion in ETFs over the next two years, we noted that according to a Bloomberg analysis this would make the Bank of Japan the top shareholder of 55 companies by the end of 2017.
It should, therefore, come as no surprise that as CLSA’s NIcholas Smith wrote in a research report, the “BOJ is nationalizing the stock market” because that is precisely what it is doing with every incremental intervention in the stock market.
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