The news of Japan’s economy contracting for the second consecutive quarter came as a surprise to economists who predicted an expansion following boosted quantitative easing efforts. The increase in sales tax this year to spur inflation was enough to sink the world’s third-largest economy into a recessionary environment after a 1.6 percent drop in gross domestic product this quarter.
Recent announcements from Prime Minister Shinzo Abe have helped boost stock prices in Japan over the last several months. However, their government-sponsored stimulus has not proven to have significant staying power to reverse years of deflationary effects.
The iShares MSCI Japan ETF (NYSE: EWJ) is the largest single country ETF that tracks over 300 stocks in the ...
/www.benzinga.com/top-stories/14/11/5015779/are-japanese-etfs-telling-of-a-recession alt=Are Japanese ETFs Telling Of A Recession?>Full story available on Benzinga.com
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