Japocalypse Now: Machine Orders Crater 19.5%, Biggest Monthly Drop On Record

Japocalypse Now – Machine Orders Crater 19.5%, Biggest Monthly Drop On Record (ZeroHedge, July 9, 2014):

“Bye, bye, Abe” Just when you thought Japanese macro data couldn’t get any worse… it does. Plumbing new depths in the “you can’t print your way to prosperity” plan, Japanese Private Sector Machine Orders collapsed 19.5% month-over-month – the largest monthly drop ever (as the dragged-forward pre-tax-hike demand left a hole the size of Fukushima behind it). With Abe’s disapproval ratings soaring and inflation surging, hopes for more ‘bad news is good news’ QQE should be quickly dismissed.

This 19.5% collapse MoM (compared to expectations of a 1.1% rise!!!!) is not made any more easy for Abe to bear than the 14.3% Year-over-year plunge as Abenomics exuberance makes comps now considerably harder….

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Think this is normal post-tax hike behavior!! Think again.

 

2 thoughts on “Japocalypse Now: Machine Orders Crater 19.5%, Biggest Monthly Drop On Record

  1. Since most nations will not accept imports from Japan due to the high level of radioactivity in the product, this is no surprise. Like China, they are famous for their export number lies……but the truth eventually comes out. It is difficult to keep the fiction going when nobody is playing the game.
    What did they expect? Many nations have banned products made there due to toxic levels.

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