Saturday, October 18, 2014
Japan's government economists have finally reached a negative opinion of the current economy; every index and almost all reports from markets tell them the situation getting worse than a year before. Value added tax raised by three points this April knocked down the economy and let people stop spending money very tightly. Market indexes show red signals since the mid summer. Actually, much worse news than reported officially comes out in our daily chats. The Abe administration might not be going on next year. One of his cabinet members who takes chage of economic policy is spot lighted on a serious scandal that lately comes out in a news at the parliament.