It is the 3rd of April 2020


Japanese Trade Data Collapses, Crushes "Devalue Our Way To Prosperity" Dreams

Seriously - how many more times can a central bankers' policies be exposed for the total sham that they are?

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Peter Pan Is Dead - Japanese Economy Stalls For 6th Time In 6 Years

We just cannot wait for the next time either Abe or Kuroda utter the following string of words "[stimulus - insert any combination of equity buying, bond buying, money printing, and NIRP] is having the desired effect." For the sixth time in the last 6 years, GDP growth has once again turned negative and while the BoJ balance sheet continues to balloon, so the nation's economy (as measure by GDP) is now shrinking as Peter Pan policy is officially dead.

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"It's Probably Something" - Gold Surges Above $1200; USDJPY, Oil, Stocks Plunge

With US markets failing to hold on to today's "Deutsche Bank" euphoric gains today despite, or rather due to Janet Yellen's Congressional testimony, traders in mainland China remains locked out due to the Lunar New Year holiday, while Japan is mercifully taking a break - mercifully, because otherwise the Nikkei would be crashing. However, one market is back online as Hong Kong traders return to their desks to see carnage around the globe, and most importantly, are unable to hedge arbed exposure between China, Japan and the US.

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Abenomics Fails Miserably As Japan's Workers "Get Nothing" In 2015

Late last month, in what amounted to a tacit admission that nothing is working when it comes to pulling Japan out of its decades’ long stint in the deflationary doldrums, the BoJ adopted negative rates.

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