Followers of markets know that Japan has loosened their monetary policy over the last several months. The yen has fallen and the Japanese stock market has gone ballistic in 2013. It is up something like 60% since mid November.
I do not have a big opinion on this matter so I offer 2 different views by the econheads:
Here and here.
A weakening yen should be good for Japanese exporters but there are risks involved.
Here is a recent chart of the NK300:
I also found a recent paper by Christina Romer here
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