Nikkei completes worst week since tsunami


Buy the dip? Last night's 2.4% dive brought the Nikkei lower by about 7% for the week - it's worst 5-day stretch since the 2011 earthquake and tsunami. The index is now off about 14% YTD.

Maybe not helping is April 1's boost in the sales tax to 8% from 5%. The last previous sale tax boost in 1997 proved to be a rally-killer. "2014 is not 1997," says JPMorgan's Jesper Koll. "The probability of success is better than ever." We shall see.

ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, DXJS, SCJ, JPNL, ITF, JSC, JPP, JPNS, HEWJ, FJP

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Comments (2)
  • Jake2992
    , contributor
    Comments (1084) | Send Message
     
    This is why you should be taking the rich, not the poor. Then again the rich own the governments. In America that is even more true with the Republican Party.
    11 Apr 2014, 09:26 AM Reply Like
  • Yorick
    , contributor
    Comments (740) | Send Message
     
    How much money does JPM make from Japan and Japanese companies, IPO, Forex work etc?...hardly unbiased enough to make any statement much less one glowing about the economy there.
    14 Apr 2014, 02:02 PM Reply Like
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