In an early Wednesday morning report containing an undercurrent of amazement and frustration that Japan's journey into Keynesianism and quantitative easing on steroids somehow hasn't worked, the Associated Press's Elaine Kurtenback wrote that a steep "April 1, 2014 sales tax hike ... triggered a brief recession and growth since has been flat."
The Land of the Rising Sun with the long-stagnating economy should be so lucky. Six days ago, the Wall Street Journal reported something Kurtenbach should have known when she submitted her writeup, namely that the country is once again on the brink of slipping into contraction:












