Tuesday, November 17, 2015

The real reason Japan's economy keeps stumbling into recession

The real reason Japan's economy keeps stumbling into recession:

Japan is back in recession. The country's GDP shrank 0.8 percent in the third quarter of 2015 after shrinking in the second quarter, so it meets the technical definition. On its surface, this looks like a damning indictment of "Abenomics" — a program of aggressive money printing that Prime Minister Shinzo Abe ordered upon taking office a few years back in order to jolt the Japanese economy out of its doldrums. But look closer and you'll see that the opposite is the case.

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