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Japan's Jumpy Markets Headed For Calmer Waters -Strategist

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Japan's Jumpy Markets Headed For Calmer Waters -Strategist
AIRED:
For a while, Tokyo's stock exchange was better than a bank machine. If you had bought a thousand dollars worth of Nikkei index funds just before the Bank of Japan launched its monetary stimulus drive, you could have earned more than 300 dollars. A hefty 33% return. But only if you sold everything on May 23. That's when the market peaked. Since then, it's gotten ugly. Shares have wiped out the gains made since April 4 -- the day the central bank pledged to flood the market with liquidity.moreless
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