Is Japan’s Abeonomics Actually Working?
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Last night was a busy night for Japan, with a huge amount of data released across the board. The problem is the data was so mixed it’s impossible to tell if “Abeonomics” are helping the world’s third largest economy.
Household spending was up by 5.2% last month compared to the same time last year. The unemployment figures fell to 4.1 % which slipped below analyst estimations of 4.3 %. Then again retail sales proved to be a disappointment with a 0.3 % fall. Analysts had forecast a rise of 0.6 %. Finally industrial output gained a tiny 0.2 % last month over the month before.
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