Monetary Madness Over Tokyo------Because Nothing Says Success Like 5 Recessions In 5 Years

Because nothing says 'successful monetary policy' like 5 'technical' recessions in 5 years...

Japan 3Q GDP Falls Annualized 0.8% Q/q; Est. -0.2%

 

As if this was not bad enough, Japanese business spending dropped 1.3% QoQ - its worst drop since Q2 2014...

 

And finally - what is working...

 

Charts: Bloomberg

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