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There's a catastrophe in the Japanese stock market. ๐Ÿ“‰ In just 48 hours, the Japanese Topix index fell by 10%โ€”the largest drop since 2011 and the Fukushima disaster. Officially, the reason is cited as the Bank of Japan's increase in the key interest rate. But it's strange to compare a simple rate hike to the impact of a nuclear disaster. ๐Ÿค” The real cause of the decline is the turmoil in the US market. And the US is known for solving its problems at the expense of its satellites. I wrote a long time ago that before a recession and serious problems begin in the US, the States would start dragging down their vassals. I expected that Japan, as an important ally in the region, would be spared, and Europe would bear the brunt. But it seems thereโ€™s not much left to squeeze from Europe. ๐ŸŒ๐Ÿ’ฅ

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