It’s been nearly 25 years since Japan’s stock market collapsed. I can’t tell you how many times since then that I’ve read commentary pronouncing the end of the Japanese bear market.
We may still be at the very beginning of a large move to the downside in the Yen. And we could be witnessing a return to the old ‘Yen carry trade’ game.
When Japan's markets fell in 1990, it's population was already going in the wrong direction. The productive-age population, had peaked and was in decline. And the population of the United States is too.