Japanese Seek Bargains as Economy Limps, Abenomics Loses Shine

Three years of so-called “Abenomics”, Japanese Prime Minister Shinzo Abe’s bold stimulus programme, has failed to dislodge a deflationary mindset among businesses and consumers.

As the world’s third-largest economy falters again – with a stronger yen gnawing at overseas profits and domestic consumption sapping companies’ confidence to invest or sufficiently raise wages – firms that increased their prices in the hope of a sustained recovery are rethinking their strategy.

Many consumers, with little extra to go around, are opting for cheaper products – welcome news for the discount retailers who flourished during two decades of economic stagnation.


Dollar’s Asymmetric Rally “Unlearns What We Have Learn’t”

USD/CAD Canadian Dollar Lower as Oil Tumbles after Higher US Inventories

OANDA MP – Oil Falls Ahead of EIA Data (Video)

Japan Map flag on Yen illustration