There seems to be a sharp divide between people who think we are at market top liquidating everything; and those who think it's just the beginning of a massive run so "get in now".
Anyway, through all this noise I keep hearing how Japan and their central banks and financial policy, interests rates, bond yields are somehow tied to the global economic landscape.
But I'm having trouble figuring out how Japan is connected. I'm not trying to sound ignorant, I'm just confused and not able to understand how Japan might hold the keys to the economic driver seat.
Is there anyone who is able to paint the picture for me in layman's terms?