Is Abenomics working for Japan? The prime minister’s bold reflationary policies have produced disappointing growth figures for the end of 2013. The figures just published for Q4, revealed lower than expected private consumption, business investment and shipping. Growth was just 0.3%, instead of a forecast 0.7%.
With sales tax increasing in April, most economist expect a spike in private consumption before that, so 2014’s Q1 may look better, but this may only be a one-off hit. More worrying is that the
weak yen has not boosted exports as expected.