Japan openly courting stock market bubble.

If you didn't know that Japan is desperate for anything resembling growth, these latest comments from Japanese Economy Minister Akira Amari.

"If stock gains were a sign of a mini-bubble, this is something we would welcome," he said after the Nikkei hit 20,000 for the first time in 15 years.

He went onto say a mini-bubble is manageable while a big bubble would be a problem. That's a slippery slope in a country with +200% debt to GDP.