Monday, February 17, 2014

Japan's quarterly growth disappoints ahead of sales tax hike


The latest figures highlight questions about the sustainability of Japan's economic recovery, and whether the government's policy of 'Abenomics' is working. 
"The disappointing GDP result is a reflection of the limit of Abenomics," Takuji Okubo, chief economist at Japan Macro Advisors in Tokyo said.

DYI Comments:  Japan and the world's economy is slowing down.  The question is is it enough to cause a world wide recession?  Normally I would say yes but with today's central bankers who are willing to print unlimited amounts of money they may be able to postpone (kick the can down the road) an upcoming recession.  Eventually the central banks will hit the wall with the old adage of diminishing returns to the point of no amount money printing will stop the collapse.

DYI   

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