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JPY: Abenomics just not working – Commerzbank

FXStreet (Delhi) – Research Team at Commerzbank, suggest that the Abenomics has been in place for almost three years now but has barely helped the Japanese economy so far.

Key Quotes

“The economy is still weak, there is hardly any inflation and wage growth is not worth talking about. The “new arrows” of Abenomics which prime minister Abe has recently announced will not change the name of the game. What is on the rise are asset prices and public debt. We expect the Bank of Japan to take further steps towards the end of the year and USD-JPY to climb to 130 by summer 2016, while EUR-JPY should largely remain constant.”

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