1.07.2009

Expectation to Obama

When you watch the recent Japanese markets, you may wonder why the positive flow keeps going. People say there is strong expectation to Obama's policy including cutting taxes. Expectation is different from actual results, so there is a risk of failing to improve the economy.

With listening to his speech, he seems he will do different things compared with Bush administration. It is said that stock markets reflects the situation of 6 months later. Is current movement in the market showing future improvement? Let's wait and see.