Morgan Stanley analyst pairs Japanese stimulus, market spikes

01/29/2013 | Business Insider

Japan's periodic boosts in stimulative fiscal spending over the past 20 years have reliably produced market rallies, notes Morgan Stanley analyst Gerard Minack. Citing a chart of advances in the Nikkei preceded by spikes in government outlays, Minack says "it seems fair to say that fiscal policy has been more effective than many had expected through the current cycle."

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