The Inevitable End
The word “unexpectedly” has made its appearance in Japan with the latest quarterly GDP release. Economists had forecast between +2.2% and +2.5%, so -1.6% counts for an “outlier” to commentary. This result, following a quarter where GDP already fell 7.3%, is nothing short of atrocious and leaves no doubt the disastrous shape to which Japan has befallen. As I said [...]
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