Abenomics in Review: Yen, Inflation, Exports, Imports

Abenomics Synopsis

  • Year-over-year the is Yen down 21.82% vs. the US Dollar
  • Japanese consumer prices are still falling
  • Imports jumped 9.4%, up for a sixth straight month
  • Exports up 3.8%
  • Trade balance negative for 10 straight months
  • Largest April trade deficit since 1979

People think Shinzo Abe is a hero because the Nikkei is up.

I think Abe is an absolute economic nutcase who is going to create a currency crisis in Japan if he succeeds in changing the constitution like he desires (and quite possibly even if he doesn’t).

For further discussion, please see Will Shinzo Abe Succeed with Constitutional Changes to Militarize Japan and Further Destroy the Yen?

Mike “Mish” Shedlock  via Mishs Global Economic Trend Analysis: Abenomics in Review: Yen, Inflation, Exports, Imports.

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