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The Failure Of Abenomics Should Be No Surprise

By John Richardson The steepest  decline in Japanese industrial production since March 2011 has shocked some commentators. We cannot understand why. “Industrial output dropped 3.3% in June from May, the trade ministry said today in Tokyo, more than twice the median forecast for a 1.2% contraction in a Bloomberg News survey of 31 economists. The […]

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