Abenomics Officially Leads Japan Into A Triple-Dip Recession

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

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 surgiung back over 117.00 (and NKY followed0 but that has quickly reversed and NKY futures are 200 off their highs (and S&P futures are back below Friday’s lows).

This post was published at Zero Hedge on 11/16/2014.