Japanese stocks suffered their biggest one-day plunge in more than four months following an announcement that the world’s third biggest economy had slipped back into recession. The two consecutive quarters of negative growth were triggered by an increase in the sales tax that was implemented by Prime Minister Shinzo Abe in April. The VAT tax... Read More

By every objective standard, Abenomics has been a complete flop. Household spending has plunged, wages have dropped for 23 months in a row, inflation is on the rise, the number of workers who can only find part-time jobs has ballooned to 38 percent, and most economists now expect 2nd quarter GDP to shrink to minus... Read More

It looks like QE is going to end with a whimper instead of a bang. The bigwigs in the G-20 have put the kibosh on Japan’s money printing extravaganza. While most analysts expect the Bank of Japan (BoJ) to announce more “easing� in the days ahead to counter weakening economic data and droopy stock prices;... Read More

Abenomics has been great for stock speculators and corporate bigwigs, but for everyone else, not so much. The fact is–despite all the media hype and monetary fireworks–Prime Minister Shinzo Abe’s three-pronged strategy to end 20 years of deflation has been a total bust. But don’t take my word for it, check out this clip from... Read More

Abenomics is based on the idea that if you give rich people a lot of money, they’ll spend it and the economy will get better. There are a few minor flaws to the theory, however, like the fact that it doesn’t work. While trickle down has greatly impacted the sales of Gucci handbags, Farragamo scarves,... Read More

“Japan appears to be turning an economic corner.� US Treasury Secretary Jack Lew Japan hasn’t turned the corner. Japan is merely doing what it’s been doing for the better part of the last 15 years, fumbling around with interest rates, fiscal stimulus, and goofy monetary policies in order to siphon more wealth from the working... Read More

Ferrari sales are going gangbusters in Japan, but beer sales have started to fizzle. That’s all you really need to know about Abenomics. According to Bloomberg: “Ferrari said sales in Japan will rise by 30 percent this year….(Sales have already) increased 28 percent in the first six months. Lamborghini sales are also soaring. According to... Read More

Abenomics is largely a bunko-scam wrapped in public relations gibberish. It has no chance of producing a strong, sustainable economic recovery. The real aim of the policy is to temporarily juice GDP with a sizable blast of fiscal stimulus ($100 billion) so the Bank of Japan can stealthily transfer more money to its chiseling investor... Read More

Liberal economists in the US are absolutely ga-ga about Abenomics, and for good reason. Under Japanese Prime Minister Shinzo Abe's leadership the Bank of Japan (BoJ) has flooded financial markets with money pushing stocks up nearly 80 percent in a matter of months, while $116 billion in fiscal stimulus has turbo-charged the real economy lifting... Read More

Japanese markets were whipsawed for a second time in three days while the yields on Japan Government Bonds (JGB) inched higher. The benchmark Nikkei Index shed 469 points in Monday's session lopping another 3 percent off Thursday's 7.3 percent plunge. Skittish investors are exiting stocks fearing that Abenomics and the Bank of Japan's (BoJ) efforts... Read More

"Almost the entire rich world is stuck in a zero interest rate liquidity trap situation, and I think everybody is haunted by the possibility that there's no way out of it. If Japan shows a way out of that, it will be very encouraging." - Greg Ip, U.S. editor of the Economist This is big,... Read More

“If possible, I’d like to see the Bank of Japan purchase all of the construction bonds that we need to issue to cover the cost.� Shinzo Abe, President of Japan's Liberal Democratic Party (LDP) Japan's next prime minister has a plan for ending deflation, increasing exports and boosting growth. Unfortunately, entrenched elites in big business... Read More

Does anyone really believe that Toyota is being pilloried in the media for a few highway fatalities? Nonsense. If Congress is so worried about innocent people getting killed, then why haven't they indicted US commander Stanley McChrystal for blowing up another 27 Afghan civilians on Sunday? But this isn't about bloodshed and it's certainly not... Read More