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Japanese Economy Shrinks, Yen Weakens, Nikkei Soars Over 1,000 Points
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
mishtalk.com / Mike “Mish” Shedlock / February 15, 2016 2:29:32
For the 4th time in seven quarters the Japanese economy shrank. It appears Japan may be headed for another recession. In response, Prime Minister Shinzo Abe may double down with his Abenomics policies that have clearly failed. That idea was enough to propel the Nikkei up 1,070 points.
Japanese Economy Shrinks Again
The Wall Street Journal reports Japan’s Economy Shrinks Again in Fourth Quarter.
Japan’s economy shrank again in the fourth quarter, the latest confirmation that Prime Minister Shinzo Abe’s growth program is sputtering.
The contraction, the fourth in seven quarters, comes at a crucial time for the prime minister’s economic policy program, known as “Abenomics,” and could lead to calls for further monetary and fiscal stimulus.
The post Japanese Economy Shrinks, Yen Weakens, Nikkei Soars Over 1,000 Points appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/15/japanese-economy-shrinks-yen-weakens-nikkei-soars-over-1000-points/
