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Japanese Sales Growth is Surging

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.”


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