While Japan's economy struggles with the economic fallout from the coronavirus pandemic, its stock market has staged big rallies since the start of November, with the key Nikkei index hitting new highs since the collapse of the bubble economy 29 years ago almost on a daily basis.But while soaring stock prices in a recession are nothing new, the current overheated market does not reflect investors anticipating an economic recovery. Instead, it owes to central banks around the world implementing massive monetary easing and governments providing stimulus packages, such as handing out cash to h…READ FULL ARTICLE
