I can't tell if the reforms are working, certainly exporters like Toyota have benefited from a weaker Yen. But households are not yet feeling the love. They are a vital link in the Abenomics chain,
"When asked, in the abstract, about the "growth potential" of the Japanese economy, responses are less pessimistic than in previous quarters. But when asked about their own household's experience, the situation still looks pretty bleak. In one question, respondents are asked, "What do you think of your household circumstances compared with one year ago?" Only 4.9% say they are better off, while 39.2% say they are worse off, and the rest say it is difficult to tell."
"When asked, in the abstract, about the "growth potential" of the Japanese economy, responses are less pessimistic than in previous quarters. But when asked about their own household's experience, the situation still looks pretty bleak. In one question, respondents are asked, "What do you think of your household circumstances compared with one year ago?" Only 4.9% say they are better off, while 39.2% say they are worse off, and the rest say it is difficult to tell."
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