-
The End of `Made in Japan'?
Historical comparisons can admittedly be facile. But given the bleak turn Japanese economic data has taken, I can’t help but be reminded of the downturn in 1997, the last time Tokyo raised sales taxes. A huge drop in machinery orders -- the biggest on record -- is yet another reminder Japanese executives remain reluctant to invest their massive cash reserves or raise wages. Even more ominously, M2 money supply growth is now in negative territory. Such measures should be surging 14 months after the Bank of Japan unleashed history's biggest monetary bonanza. Instead the tepid 3 percent rise in M2 last month put ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 10, 2014 6:28pm Jul 10, 2014 6:28pm
- Weakdollar
- | Joined Jan 2012 | Status: Member | 805 Comments
- Comment #2
- Quote
- Jul 10, 2014 6:38pm Jul 10, 2014 6:38pm
- Weakdollar
- | Joined Jan 2012 | Status: Member | 805 Comments
- Comment #3
- Quote
- Jul 14, 2014 10:56pm Jul 14, 2014 10:56pm
- wlarimer
- | Joined Jun 2010 | Status: Member | 910 Comments