Japan Economy Grew 0.4% in Second Quarter, Less Than Estimated

The median estimate of 19 economists surveyed by Bloomberg News was for 2.3 percent.

more stellar growth lol

 

This is great that Japan managed to have such a good position even at the time of recession. If we consider the bar, it is clearly there that future position is going to be better in comparison to present one.

 

So, the yoy growth of 0.4 % justifies a USD/JPY rate of 85.63 ? No way, even if China is buying increasingly JPY government bonds and JPY is sort of a "safe haven" currency. Safe haven for what ?

JPY is grossly overvalued at the moment. BoJ action maybe imminent.

 

Japan's Double Lost Decade™, now also playing at the world's lone superpower.