Japanese Markets R.I.P.
I remember a time when a stock market was a place where people met to trade shares with each other. The overall level varied for this or that reason, and it followed the whims of thousands or millions of investors.
Not any more, because now some clever guy has decided that markets should surge 17% to 13,000 by March. Wow, he must be really smart to replace the minute-by-minute judgment of millions.
There are no markets any more. May they rest in peace.
Economic and fiscal policy minister Akira Amari said Saturday the government will step up economic recovery efforts so that the benchmark Nikkei index jumps an additional 17 percent to 13,000 …