(OT) Performance of East Asian Stock Markets in 2013

Maybe this is one of the reasons Japan's Abe decided to go visit the war shrine, thinking his "Abenomics" has won...

From January 4 to December 30, 2013:

• Japan's Nikkei: up over 50%

• Hong Kong's Hang Seng Index: flat

• Shanghai's Composit Index: down 8%

• South Korea's Kospi: flat

(Chart created at stockcharts.com)

Of course the depreciating currency of Japan has helped a great deal.

Japanese yen, from November 2012 to December 2013:

The Japanese government and the South Korean government have reduced the size of the currency swaps since October 2012 to an insignificant level ($10 billion). Though the South Korean government has since expanded the currency swaps with China, it now has less ammo to cheapen its own currency.

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