INFLATION ALERT: Japan Food Prices Set To Soar As Government Hikes Wholesale Wheat Prices By 10%
If the past three months have been any indication of what Japan has to look forward to from Abenomics, we have a feeling his tenure will be as short, if not shorter, than all of his recent (and numerous, among which he, himself) predecessors. Because while the stock market may have risen in lock step with the plunge in the Yen, what has also soared are costs. And while a very select few benefit from the transitory surge in the Nikkei, the rising costs, i.e., inflation, hit everyone equally.
Presenting this visually: the USDJPY and Nikkei correlation, which is 1:1 – this is the good news (forsome)