For The First Time Ever, Japan Enters A Quintuple-Dip Recession (Courtesy Of Abenomics)

Because nothing says 'successful monetary policy' like 5 'technical' recessions in 5 years...

Japan 3Q GDP Falls Annualized 0.8% Q/q; Est. -0.2%

 

As if this was not bad enough, Japanese business spending dropped 1.3% QoQ - its worst drop since Q2 2014...

 

And finally - what is working...

 

Charts: Bloomberg