JPY Declines on Q3 GDP Loss.
Japan's GDP for Q3 2023 has absolutely crashed by -2.1%. After a very good Q1 & Q2 growth, the markets & economy caught onto what was really happening.
They unloaded the magical money printer…
They printed out a ton of new money to prop up their economy. This has been exposed by their consumer spending collapsing. With inflation high, consumers have less to spend which is affecting their GDP this quarter. So after the fake ‘demand’ presented in Q1 & Q2, the economy can no longer keep up the facade from money printing.
They unloaded the magical money printer…
They printed out a ton of new money to prop up their economy. This has been exposed by their consumer spending collapsing. With inflation high, consumers have less to spend which is affecting their GDP this quarter. So after the fake ‘demand’ presented in Q1 & Q2, the economy can no longer keep up the facade from money printing.
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