Japan's 'wall of money' proves elusive for global markets

Japanese investors are repatriating funds from around the world at an accelerating pace, dashing hopes that stimulus from the Bank of Japan will flood global asset markets with newly-printed money.

Very interesting. This shows that psychology has changed dramatically in japan from the mid-late 2000's "Mrs. Wantanabe" carry-trade era. Basically, Japanese investors are "ducking and covering", despite the promised flood of new money. This suggests the Yen devaluation and domestic-inflationary effect of the printing will be unexpected multiples of what it was up until now.