Reports that Japan's government will likely nominate Haruhiko Kurodo, an advocate of aggressive monetary easing, as the next Bank of Japan (BOJ) chief, do not come as a surprise. So the fact that the yen has slumped and stocks are surging on the news goes to show markets cannot get enough of the "Abe trade."
Placing bets that the yen will continue to slide, while Japanese shares will extend a bull run as Japan's new Prime Minister Shinzo Abe makes a bid to revive the world's third largest economy are expected to remain a favored trade despite talk of a correction or pull-back.
http://www.cnbc.com/100488829