Japan GDP Biggest Miss In 18 Months; Slowest Growth Since Before Second Coming Of Abe

Jap GDP

 

Get long ‘Depends’ may be the most befitting headline for tonight’s massive macro miss in Japan. For the 3rd quarter in a row, Japanese GDP missed expectations with a meager +1.0% annualized growth (versus a +2.8% expectation), and a tiny 0.3% Q/Q change vs expectations of a 0.7% increase, this is the biggest miss and slowest growth since Abe retook the economic throne after his chronic-diarrhea-prone first attempt to save the nation. No matter how hard they try to spin this, there’s no silver lining as consumer and business spending missed expectations notably and the only Tokyo snow fell just last week so long after the quarter was over… and this is before a tax hike that is aimed at showing how fiscally responsible the nation and not simply an insolvent ponzi scheme alive through the good graces of the greater fools of leveraged carry trades.

Japanese GDP… oops

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