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Economics

Japan's 1997 deja vu

Needless to say, the closer 'Abenomics" and the BOJ gets to achieving their aim of 2.0% inflation, the more real wages fall - not a good portent for spending and by extension, the economy.

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Read more: Japan,  March,  BOJ,  Abenomics,  GDP,  Tokyo CPI data,  BOJ Board,  April,  Bank,  Economics,  February,  Fukushima plant,  Jorge Santayana,  June,  March 1997,  US dollar