Elections have occupied investor minds for a while now. We've all heard the Brexit news and much of the world is watching the Clinton-Trump soap opera. But there is another election coming up in a week. Though this one is reputed to be minor, it could turn out like lots of seemingly insignificant things in life to have major implications.
Japan is an aging nation. We recall reading several years ago they had only about one million 18 year olds. Not many. They are now paying young couples to have children. It's boudoir not helicopter money. It's an idea that could catch on: pay people to have safe, non-reproductive sex. But in Japan they need the young guns. The reasons are as obvious as campaigning politicians who kiss babies. So it's government subsidized sex with a kid not a dream catcher.
Pensions are important to Japan's aging population. Very important. So might be that upcoming election. Abernomics hasn't been in the eyes of many the economic cat's meow it was groomed to be. Anything but in many ways. There's an added theme here, however, bureaucratic deception, something Japanese voters know well and denizens of the EU are now learning. Hello. We all love elections.
So Abenomics is facing its voters again. Few people on earth are as cynical about their elected officials as Japanese voters. Any remaining illusions have been wrung out of them years ago. In polls, voters have explained that they have not benefited from Abenomics. Yet, Prime Minister’s Shinzo Abe’s position remains strong, mainly because the opposition is so flimsy.
Here's more from wolfstreet.com/2016/07/03/after-plowing-into-stocks-japan-government-pension-investment-fund-gpif-50-billion-loss-secret-till-after-election.
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