“Growth jumped to a 3.5pc rate in the first quarter, vindicating the government’s efforts to break Japan’s deflation psychology and lift the country out of its 20-year ice age. ‘Abe’s kickstart appears to have succeeded,’ said Flemming Nielsen from Danske Bank. Retail sales are soaring as a ‘wealth shock’ electrifies the economy. The Nikkei index has risen has 70pc since November, with foreign hedge funds among the first to jump on the bandwagon. The weaker yen is already delivering a powerful punch, accounting for almost half the growth. The currency has dropped 30pc against the dollar and China’s yuan since August, and 37pc against the euro.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Man charged in rape that another man spent 13 years in prison for
New York fails Common Core tests; more states to follow
Meet the Mega Cops: High-Tech Crime Gear Transforms Police Work
Study Indicates That America's Driving Boom is Over
The Doomsday Preppers of New York
Swiss bank UBS pays $50 million to settle SEC charges from 2007 financial meltdown
Police Made One Marijuana Arrest Every 42 Seconds in 2012
French Goodyear workers hold managers captive in Amiens
Google Stock Surge Adds Record $52 Billion to its Market Value
Cash airlift helped avert Greek bank run during debt crisis
Officers at US nuclear missile base suspended in illegal drugs case
SNB Sees $10 Billion Loss for 2013 as Gold Price Plummets
Brain-damaging lead found in tap water in hundreds of homes tested across Chicago, results show
Assad ally said to defect, Putin chides U.S. on Syria
Asia's Wealthy Outnumber North America's For The First Time