“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:
Singapore firm launches in-flight Muslim prayer app
U.S. Stepped In To Halt Mexican General's Rise
Parents sue after their son's remains used in police dog-training
Don't buy Russian stocks, White House says in Crimea dispute
Second British man jailed for selling fake bomb detectors to governments
UN attempts to install another central government in Somalia
'Big Short' Genius Thinks Another Financial Crisis Is Looming
Aussie car start-up hits the road with Bitcoin
UT-Dallas Purges Alleged Silk Road Founder Ross Ulbricht from Its Website
Is This the Best Time for Investors? Don't Bet On It.
Snowden’s full statement from Moscow: ‘I did what I believed right’
Patient has 75 per cent of his skull replaced by 3D-printed implant
Gulf Arab youth get around segregation with smartphone flirting
Chinese Millionaires Are Leaving The Country In Droves
Fincen Conducting Bank-Style BSA Exams of Virtual Currency Firms