We have been HARD on Japan over the last two decades of publishing macro- market research … calling it the “Land of the Rising Deflation”, and riding the multi-decade long “Deflation Tsunami” … years before the dreaded d- word (deflation) was at all considered “acceptable” lingo in “proper circles”.
The occasions upon which we have been “bullish” on Japan, from either a macro-perspective, or a market-angle … have been few and far between.
With that in mind, we note that the Land of the Rising Sun may be on the cusp of experiencing a “Sunshine Daydream”, to borrow a lyric from the Grateful Dead, providing a moniker – “dead” — that we could associate with Japan’s macro-market situation since 1990.
Could it be time for a Japanese Sunshine Daydream ???
Indeed, the chart below implies that the answer is YES !!!
We shine the spotlight on the month-to-month change in Japanese Employment, revealing that January’s HUGE monthly increase of +540,000 in the number of Employed represents THE HIGHEST single-month job gain in decades, if not ever.
Evidence the chart on display below plotting the month-to-month change in Japanese Exports as reported within the Balance of Payments data (BOP, as opposed to the Merchandise Trade figures) … revealing January’s massive expansion, as the Japanese export machine climbs back from the brink.
This brief comment from the extensive analysis contained in Greg’s 13 page Weldon’s Money Monitor. Michael Campbell calls Greg Weldon – “The One Analyst other Analysts can’t Wait to Read.”
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