“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:
DEA taskforce member charged with stealing at least $36,000-worth of drugs
Credit Suisse counters critics with $15.6 bln capital plan
New Hampshire cop to plead guilty to sexually assaulting a teenager
Top general: Syrian rebels do not support U.S. interests
To Make Sense of the Coins Act, Follow the Money
Chinese demand for robots increases as labor costs rise
Detroit Is Auctioning Off Incredible Old Homes For $1,000
U.S. gold bars and coins find new home overseas on Asian demand
Local traders unmoved by SEC Bitcoin warning
SF police officer pleads not guilty to child molestation charges
Cop Sexually Assaults Woman, Then Arrests Her For Protesting The Assault
Former Newark Airport TSA screener says the job does little to keep fliers safe
Senate candidate arrested for protesting police violence during police charity event
Judge calls D.C. police officer charged with child sexual abuse a ‘danger’
On Airbnb Rentals, California Cities Tax First and Regulate Later