Yen trap hiding behind Japan’s spectacular stock rally

The Nikkei closed at 66,016 yen last week and is up 31.14% this year, one of the best runs on the planet. Now, fund managers are lining up to tell investors how right they were to hold Japanese equities. Every time, I ask the same question back. Up 31% in what currency, and against whose [...] The post Yen trap hiding behind Japan’s spectacular stock rally appeared first on Asia Times .