I remember well, the fiscal rectitude of the old Japan: In 1981, as the Reagan White House prepared its radical fiscal plan – famously called “riverboat gamble” – we were visited by high-ranking Japanese officials, in a state of shock.
Japan’s most despised corporation, TEPCO, is running out of space to store radioactive water. And so it found another one of its “solutions.”
The three arrows of Abenomics – promise, hype, & hope.
‘Inflation without Compensation’ to whack struggling households as price pressures build deep into pipeline.
Turns out, the meltdowns were actually much worse than it previously admitted, says the most despised corporation of Japan.
Japan, under the regime of Abenomics, has, let’s say, some issues.
Rising exports and trade surpluses have always been vital to Japan. And reconstituting them is a cornerstone of Abenomics. But that plan has totally gone to heck.
Orders for capital equipment – a measure of future capital expenditures and a feverishly awaited sign that Japan Inc. has finally started investing in Japan rather than just overseas – were “shocking.”
The Japanese Defense Ministry refused to speculate why Russian activity had suddenly soared, just when both countries are trying to hash out a mega-energy deal.
A terrible corporate hangover from the consumption-tax hike has set in.