I wrote earlier this year about Japan: http://econ4beginners.blogspot.com/2015/02/printing-money-against-all-economic.html
I was sharing my thoughts on how destructive the monetary policies were at the time. Now today I read how destructive the policies of Japan's Government Pension Investment Fund were when they sold all those government bonds to the Central Bank and turned them over to stocks, creating a stock run up that was quite impressive until...
According to this article in Marketwatch, Japan's Pension Fund just got $68 billion poorer in one quarter. Yep those are the pensions of everyday citizens being recklessly squandered by government driven "policies" that keep unraveling leading nowhere fast.
Shame.
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