How Japan can escape financial socialism, Japan’s road to recovery
Tuesday 30 March 2021 – Vol.12 Ed.13.2
Commentary: How Japan can escape financial socialism
By Jesper Koll in Tokyo
The cumulative effects of the Bank of Japan’s steadfast buying of exchange-traded funds have de facto turned Japanese equity markets into an experiment in financial socialism. Officials seem to have no idea how to restore the functioning of free markets. Ending this experiment and restoring free-market functioning...