Gavekal Capital: Japanese Real Exports Stagnate Again

Monday, October 21, 2013

Japanese Real Exports Stagnate Again

At the heart of Abenomics is the presumption (or hope?) that a lower yen will stimulate export volume. Indeed September exports denominated in yen were up about 11.5% year over year. But real exports were up just .4%.

And machinery exports are still negative year on year:

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