What do music and economics have in common? Well, more than you think. For Japanese girl band, Machikado Keiki, economics serve as their inspiration.
Once translated, their band name means “Street Corner Economists of Japan” in regards to their support of Japanese Prime Minister, Shinzo Abe’s economic plan nick named, “Abenomics.”
To give an introduction to the four-girl band, the youngest is 16 and the oldest is 23. The band leader, Sakura Yuki, is 20 years old and is currently studying at Tokyo University, one of the top universities in Japan.
With song lyrics like, “ Let’s revise the Bank of Japan Law! Let’s aim for 3% economic growth! Abe bubble—let’s go!” they continue to encourage and support Abenomics. While others like Taylor Swift, sing of “we are never getting back together” or Ke$ha disscusses her latest party scene, Machikado Keiji creates pop music with a different purpose, to encourage growth in the stock market!
In an exclusive interview with ADVFN (Follow Stocks Live), Machikado Keiki said, “Whenever you think of the economy and wherever you see the stocks rising, we want to you think ‘I wonder what’s up with those Machikado keiki girls right now”.
They follow the business and economic news every day in order to see what’s going on and understand what kind of an effect it will have on the market that day. Their goal is to get other young people excited about the market!
In response, to their investment interests they said Tech and online gaming stocks like Gungho (JQS: 3765) or stocks supporting cool biz initiatives such as Fast Retailing (aka Uniqlo, TSE: 9983) were at the top of their lists, although, they admit that Fast Retailing and Gungho had high notional prices equivalent to $12,000 a share, therefore, slightly out of the range for first time investors.
Abenomics is the term for Japan Prime Minister Abe’s plans of money printing (QE), unlimited public spending, deregulation and economic restructuring. His policies have had a positive effect on the economy. The Nikkei rose to levels that have not occurred since the Global Financial Crisis that began in 2008.
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