The unexpectedly strong GDP print was driven by a 9.9% jump in private non-residential investment as well as an striking 21.9% annualized surge in public investment as some of the public works spending included in last year’s economic stimulus package starting to emerge; meanwhile exports declined....Zero Hedge
Japan GDP Surges 4%, Most In Two Years, On Jump In Government Stimulus Spending
Tyler Durden
5 comments:
Wow!!!!!
Well that explains the JPY strength...
Explained here...
https://seekingalpha.com/article/4096397-good-news-japanese-current-account-935b-surplus-july-2017
A nice straight forward MMT analysis.
I'm very suprised at the reaction.
I would have thought the USD/JPY would have fallen and the Japan 225 would have went much higher. Especially after the weak US inflation number.
It's hard to figure out the zombies at times.
Foot they have to keep it up.. what they usually do is draw out the metaphor ,"pump priming" and cut back ...
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