economics

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Turning Points: Abenomics Sputters, German Bond Yields Fall

Japanese Prime Minister Shinzo Abe

Abenomics looks shaky as Japan revised 2014 second quarter GDP growth down to −7.1% on the heels of its escalating sales tax (from 5 to 8%). Ominously, consumer prices are rising but wages are declining in real terms (by roughly 6%), creating significant difficulties for the Japanese economy. Should this trend continue, Japan could find itself in a crisis of epic proportions. Read more

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