Japan’s Q2 GDP grew annualized 6.0% on exports

3 comments

1. If you ever wanted to know why the government has done jack squat about currency devaluation vs the dollar, here’s your answer. It’s humorous the Nikkei doesn’t even mention it. This is why they’re willing to screw over their populace on imports, overseas travel, energy bills, etc. Stay home, buy domestic and 我慢 while we help our export businesses. (And it helps that a weak yen also attracts tourists)

   Bigger picture this doesn’t sound like a great way to run a country long term, so let’s hope this is temporary — unless they deign to pay the common folk more (which will never happen). The level of greed on display here is incredible.

2. Not surprising when anything coming out of Japan is about 30% cheaper than it was in 2021 (weak yen).

3. Weak yen effect yeah.