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Market Extra: Why Japan’s Godzilla-sized stimulus is a threat to investors

The Bank of Japan’s desperate struggle to keep the Japanese economy on life support via trillions of yen in stimulus has done little other than to create a monster that is emerging as a major risk to investors, according to a strategist at Charles Schwab & Co.

Jeffrey Kleintop, chief global investment strategist at Charles Schwab, on Monday discussed the futility of the BOJ’s losing battle against economic malaise within the context of Japan’s most famous postwar villain.

“The BOJ’s growth of Japan’s monetary base, the amount of currency directly supplied to the economy, has been proportional to the growing size of Godzilla as he appeared in various films over the past 52 years, culminating in 2016’s towering monster,” said Kleintop.

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