Japan’s First Quarter GDP Rose Annual 3.5% vs Forecast 2.7% Rise
tokyo
Japan’s First Quarter GDP Rose Annual 3.5% vs Forecast 2.7% Rise
ABENOMICS 1- OLD WAY 0 !
Japan’s economy grew more than analysts estimated in the first quarter as consumer
spending and exports climbed.
The key factor is consumer spending s up , they key factor .A BOOMING stock market is making consumers feel richer helping to fuel spending and growth in the world’s third-biggest economy.
Yen
The yen has weakened more than 16% against the USD and 14% against the € this year, the largest declines of the 16 major currencies. The Nikkei 225 Stock Average (NKY) rose 45% , more than twice the gain in the Standard & Poor’s 500 Index.
Japanese government bonds halted the biggest three-day slide in almost a decade yesterday after the central bank announced a 2.8 trillion yen infusion of funds. Benchmark 10-year yields traded at 0.85 percent yesterday after surging .
All good news , may it continue in Japan .
Tony Evans
From A booming Japan
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