Japan's recent sales tax increase of 3% has knocked the stuffing out of the economy. GDP shrank 6.8% Q2.
Reaction by the BoJ is to increase easing next month and the markets are lapping that idea up.
There's another 3% tax increase coming and the government has big problems. It needs the income but is killing of the economy worth it?
To cut a long story short....short.
Todays euphoric leap should come down very smartly.
