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Abewrongics: Nikkei/USDJPY Tankin' After Terrible Tankan

Tyler Durden's picture




 

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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Tue, 03/31/2015 - 20:20 | 5947088 neuronius
neuronius's picture

ruh roh

Tue, 03/31/2015 - 20:33 | 5947114 back to basics
back to basics's picture

"Hmmm, it looks like they didn't print enough"

*******Paul Krugman

Tue, 03/31/2015 - 21:18 | 5947204 NoDebt
NoDebt's picture

Dead nation.

Tue, 03/31/2015 - 22:01 | 5947289 max2205
max2205's picture

Quick!  Break some windows 

Tue, 03/31/2015 - 23:22 | 5947449 El Oregonian
El Oregonian's picture

JAPAN: Land of the Rising Sumting Wong...

Tue, 03/31/2015 - 23:15 | 5947430 blowing winter
blowing winter's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.nettrader2.com

Tue, 03/31/2015 - 20:25 | 5947098 eXMachina
eXMachina's picture

I'm short the yen from here. These fuckers are going to have to blink.

Tue, 03/31/2015 - 20:49 | 5947144 suteibu
suteibu's picture

I'm long mattresses from here.

Tue, 03/31/2015 - 21:07 | 5947184 eXMachina
eXMachina's picture

Did your mattress just make you 50 pips?

Tue, 03/31/2015 - 21:40 | 5947234 medium giraffe
medium giraffe's picture

I'm holding on mattresses - +Y 000.50 not likely to set all of our beds on fire.

Tue, 03/31/2015 - 20:27 | 5947105 Bay of Pigs
Bay of Pigs's picture

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...

Tue, 03/31/2015 - 20:30 | 5947109 Possible Impact
Possible Impact's picture

Torpedoed. Will sink investor confidence. A large Gulf of Tankan expectations...

 

Tue, 03/31/2015 - 20:33 | 5947116 buzzsaw99
buzzsaw99's picture

zh effect bounce in 3, 2, 1...

Tue, 03/31/2015 - 21:34 | 5947236 FieldingMellish
FieldingMellish's picture

Here we go... green by close.

Tue, 03/31/2015 - 20:45 | 5947140 rubearish10
rubearish10's picture

PPT Alert "switch on"!

Tue, 03/31/2015 - 21:01 | 5947170 Monetas
Monetas's picture

Dishonest Abe .... wall papers his paper walls .... with Yen !

Tue, 03/31/2015 - 21:11 | 5947190 Caviar Emptor
Caviar Emptor's picture

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.

Tue, 03/31/2015 - 21:29 | 5947227 Pol Pot's Plant
Pol Pot's Plant's picture

German inflation Feb 15 0.09%

Tue, 03/31/2015 - 23:21 | 5947275 thismarketisrigged
thismarketisrigged's picture

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)

Wed, 04/01/2015 - 01:59 | 5947653 Magooo
Magooo's picture

If Japan were a dog, one would shoot it to put it out of its misery

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