Now Available: Japan Shipping Report Q3 2014
In the case of Japan, a slightly different but similarly extreme, monetary experiment was responsible for the mini-economic boom seen over the past 12 months, but we are seeing increasing signs that this is fading fast. Real wages are collapsing, and consumer confidence is naturally being negatively impacted. While consensus expectations are for the impact of the sales tax hike to prove fleeting, we believe that the recent decline in activity is a warning sign of what is to come...
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