Well, if this keeps up we’re likely going to have to get used to QE as a form of standard policy because Abenomics will surely be credited with the economic success…via Nomura:
“While the financial markets have responded to Abenomics, the impact on the Japanese economy has been less clear.
Figure 1 shows year-on-year sales growth in supermarkets, large scale retail stores and department stores are breaking out of their post-2000 ranges (ignoring the base effect of the 2011 Earthquake).
This increase in sales growth could be caused by a pick-up in economic activity and/or a bringing forward of spending prior to the planned increase in the consumption tax.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.