Worst. Recovery. Ever: Japan Regular Wages Decline For 21 Consecutive Months
by Tyler Durden
ZeroHedge.com
04/01/2014
Japan’s economic farce has gotten so bad it is becoming painful to even discuss it: first, every newspaper writes effusive, extended articles about how after nearly two years of consecutive declines in base pay praising Abenomics, and then the next month the “increase” is promptly revised lower in a footnote in some article which gets zero to no prominence, which however continues to reaffirm that Abenomics is an absolute, unmitigated disaster. Sure enough this is what happened today, when last month’s bombastic “Japan Base Wages Rise for First Time in Nearly Two Years” can now be retracted and instead replaced with this: “regular pay slipped an annual 0.3 percent in February, falling for a 21st straight month after a 0.2 percent slip the previous month.”
The Rest…HERE
