Is this the end for Abenomics?

Are Japanese prime minister Shinzo Abe’s attempts to revive the Japanese economy failing? Recent data have been “mixed at best”, says the Financial Times. Japan’s GDP shrank by 1.7% between April and June as a new consumption tax hit spending. the economy appears to be stagnating – casting doubt on hopes for a third-quarter rebound. Industrial production edged up by 0.2% in July, not enough to reverse a 3.4% plunge the month before. Retail sales fell by 0.5% in July, the first fall since April.

Meanwhile, the job-to-applicant ratio, a gauge of labour-market tightness, remained unchanged [...]

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