Hi all and apologies if I'm about to ask a very ill-informed question (don't think I'm afoul of any rules) – I hope if you respond you'll be willing to point me to some education.
I just read some of this article in The Economist, Japan’s big-spending Takaichinomics is ten years out of date and it made me think about what seems to be every recent news article I've seen on the subject: the yen-dollar exchange rate is dropping and Japanese stocks are way up.
I'm just wondering whether there's any relationship between Takaichi's young support base and any public perception (if one exists) that this is a time day traders (especially young, company-employed men) "get rich quick"? I'm just speculating about the kind of young guys in their 20s I know who seem like an archetype: vaguely geeky, very keen on how they're perceived by women, and also hobbyist investors/golfers/car owners, etc., but who are also significantly (by Japanese standards) more nationalistic or proud than their grandparents.
Every few days I notice the yen's gone down versus the USD with despair and it hadn't even occurred to me that even in Japan there might be laypeople (excluding people involved in industries that benefit from lucrative overseas sales) on the other side of that trade who are thrilled. Just wondering if there's any meaningful relationship between data points here or if there's any discussion of the topic.
by shiretokolovesong