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Abewrongics: Nikkei/USDJPY Tankin' After Terrible Tankan
Bad news isn't even good news anymore in Japan. A sushi-boat-load of data this evening show once again that Abenomics is failing dismally. In no particular order... Large Manufacturing Index MISS (lowest in 9 months), Large Manufacturing Outlook BIG MISS, Large Services Outlook MISS, Small Manufacturing Index MISS, Small Manufacturing Outlook BIG MISS, and drum roll please... Tankan Large Industry Capex Outlook crashes to -1.2% (from +8.7%) - the lowest in 2 years (since Abewrongics was unleashed). The response... USDJPY and Nikkei are dumping...
So much for unleashing animal spirits... Capex outlook plunges...
And bad news is no longer good news in Japan as investors lose faith...
Charts: Bloomberg
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ruh roh
"Hmmm, it looks like they didn't print enough"
*******Paul Krugman
Dead nation.
Quick! Break some windows
JAPAN: Land of the Rising Sumting Wong...
It is cool..
China Construction Bank to implement deposit insurance in Mayhttp://hedgeaccordingly.com/2015/03/china-construction-bank-to-implement...
wipes brow..
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I'm short the yen from here. These fuckers are going to have to blink.
I'm long mattresses from here.
Did your mattress just make you 50 pips?
I'm holding on mattresses - +Y 000.50 not likely to set all of our beds on fire.
Quite frankly, the Japanese have it coming to them. Not that other countries don't, but their monetary and fiscal insanity has gone on long enough.
Eat shit Abe...
Torpedoed. Will sink investor confidence. A large Gulf of Tankan expectations...
zh effect bounce in 3, 2, 1...
Here we go... green by close.
PPT Alert "switch on"!
Dishonest Abe .... wall papers his paper walls .... with Yen !
And they're still scratching their heads over why more printing didn't lead to better numbers. That's because it caused the worse numbers. In the US deflation and inflation are nearly equal. In Japan deflation is in the lead. And in Germany inflation leads the way. It's the new BIflation economics.
German inflation Feb 15 0.09%
and by some miracle ( bank of japan directly buying etfs cough cough)the nikkei has gone from down almost 300 pts to only down 40 pts.
japan is so fucked, i feel bad for ppl there ( except for the bankers and politicians)
If Japan were a dog, one would shoot it to put it out of its misery