The chart of the week is courtesy Doug Wakefield via Safe Haven and shows that the Bank of Japan (BOJ) is a top 10 share holder in about 90% of the Nikkei 225. This after the Nikkei has been down nearly 60% since its highs in 1989. After multiple QE's that have failed to stimulate the economy and get rid of the deflationary negative interest rate scenario in Japan, this latest move by the BOJ has failure written all over it. Another down move in the Nikkei from a strengthening Yen could prove to be problematic for the BOJ going forward.
Rivian Says It Is On Track For 2024 Delivery Targets Despite Production
Challenges
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Rivian Automotive shares are up 1.5% in pre-market trading after the
company said on Thursday after market close that it is on track to turn a
gross prof...
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