Abenomics Officially Leads Japan Into A Triple-Dip Recession – Weather Blamed; Nikkei Drops 600 Points, Back Below 17,000

Abenomics Officially Leads Japan Into A Triple-Dip Recession – Weather Blamed; Nikkei Drops 600 Points, Back Below 17,000 (ZeroHedge, Nov 17, 2014):

AMARI: ABENOMICS HASN’T FAILED (so this was the expected outcome?)
SUGA: INVENTORIES, WEATHER, CONSUMER MINDSET CAUSED GDP FALL (nothing to do with record-high misery-index induced by crushing the currency of an energy-import-dependent nation?)

Japanese GDP fell for the 2nd quarter in a row making it official – as we warned a month ago – that Japan has entered a triple-dip recession. Againstr hope-strewn expectations that the rebound from a sales-tax-driven slump would create a magical 2.2% (annualized) expansion, Japanese GDP slumped 1.6% in Q3 – missing by the most since March 2011. So no tax increase… and thus fiscal responsibility goes out the window. Abe dissolves government and bails on another failure? The initial kneejerk reaction sent USDJPY surging back over 117.00 (and NKY followed) but that has quickly reversed and NKY futures are 600 off their highs (and S&P futures are back to last Monday’s lows).

1 thought on “Abenomics Officially Leads Japan Into A Triple-Dip Recession – Weather Blamed; Nikkei Drops 600 Points, Back Below 17,000

  1. Their economy is in the tank, has been since the radioactive poisons have gotten too strong for anyone to accept their exports. An exports nation…..they have been in trouble for years. Same for the US, the lies, the real unemployment is over 33%……it is all a passel of lies.
    If deflation kicks in, the truth will be impossible to hide.
    The system is in collapse mode, and it isn’t just the vile Japanese.

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