If you ever set foot into Japan or had been to Japan recently you would know that economic figures is one thing (after all some hedgies have attempted to short JGBs for close to 1.5 decades now and have been burnt each and every single time. But you would not know that as someone so removed from the market as by your own admission.
I didn't admit I was removed from the market. Just that I have never lived or worked in Japan. Apparently, it is a requirement to live or work in a place before you can read economic reports for that place, according to Volly rule #421 (or was that #422?)
There are some structural changes going on that even take my pessimistic assessment by surprise. Not as much as anyone would want to see but still surprisingly bold given this is Japan. Maybe you do not see that. The biggest issue Japan is battling right now is the high amount of temp workers as percentage of salaried people in Japan. This is a real problem and currently the political elite is too afraid to touch on this issue and go against Japan Corp. This is a real problem and one of the major issues why there are no wage increases or at least not the desired wage increases. In the end it is all econ 101, as long as Joe on the street does not have money in his pocket he won't purchase or take risk.
Awesome. So we agree the articles point out serious flaws in Abenomics. See, I knew you'd finally come around. Welcome back, Volly! I'll continue to "cut and paste" articles that further illustrate what a folly Abenomics is, to further support your (latest) flip flop and my assertion.
Enjoy your day!
