Tuesday, August 12, 2014

‎Japanese economy contracts

$EWJ - Poor Japan. They can't get out of their own way. Their economy contracted 6.8% in the 2nd quarter.  What was the main culprit? A hike in the sales tax that led to less consumer spending.

If you want less of something, tax it!  (Who said that?)

Japanese economy contracts sharply

BBC News

BBC - BBC - Wed Aug 13 05:38:12 UTC 2014

Japan's economy contracted by an annualised 6.8% in the second quarter of the year, the biggest fall...

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