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His comment lifted equity prices for most of the day, though the gains faded at the end of trading.
On the demand side, rising capitalization of expected future earnings due in large measure to the technology sectors lifts equity P/E ratios and supports high consumption.
The indexes have pushed to a series of high levels as part of the rally that has lifted equities more than 16 percent for the year so far.
Mr. Abe "wasted no time launching the first two 'arrows' of his three-pronged economic agenda, delivering bold fiscal and monetary stimulus that has weakened the JPY and lifted equities to five year highs," Izumi Devalier, Japan economist at HSBC, wrote in a research note on Wednesday, referring to the Japanese currency.
That means three years before the psychological negativity now depressing prices fully lifts and with it fully lifts equities.
The government is eager for foreign investment, and recently lifted foreign-equity caps for certain services.
Persuading Mitsubishi UFJ to convert $7.8 billion of preferred stock into common shares early will save his bank almost $800 million a year in dividend payments and lift its common equity.
In the coming decade, he says, stock investors face more risk of 2009-type withouts witheut the credit-fueled recoveries that lifted equity markets in the past.
But they remain cautious, in most cases lifting their allocation to American equities by only a couple of percentage points.
Dealing rooms took their cue to pile into equities around the world, lifting London's FTSE 100 Index nearly 1% after strong overnight gains for Tokyo's Nikkei, up 1.7%.
Heavy lifting.
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