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.”
by Wolf Richter • • Comments Off on Saber-Rattling Between Japan, China, and RUSSIA of all things Hits Record
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.
by David Stockman • • Comments Off on The Growing Catastrophe Known as Abenomics
In a decade or two, nearly 40% of the Japanese population will be retired; and the single-risk it should never take is to induce a collapse of its currency, and the resulting sharp inflation of its import bill for virtually all its energy and industrial materials.
by Wolf Richter • • Comments Off on Japanese Doomsday Machine Socks It To The Middle Class (But Shorting JGBs Remains A Terrible Idea)
The miracles performed by Abenomics – an economic religion touted with blinding exuberance around the world – and the endless wonders performed by the Bank of Japandemonium, are now coming home to roost.
