More bad news for Japan’s economy
Japan Services PMI™Markit reports Japan Composite data show sharpest decline in business activity since September 2011 Key points: Moderate declines in activity across both manufacturing and services Total new orders fall for first time in six months Service sector optimism the second-highest in 37 months
via Mish’s Global Economic Trend Analysis.
But, not to worry. Japan has a secret weapon – a central bank – just like the U.S., the U.K., China and Europe. All they have to do is print more money. In fact, it’s a puzzle why they haven’t done this before, isn’t it, boys and girls. Or have the central bank buy the government debt directly.
The news from the rest of the world isn’t too good, either, but those places all have a central bank, so no worries, mate! And China is bouncing back! The worst is probably over, already.
Easy. What’s all the fuss about?
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