Gavekal Capital: More Disappointing Japanese Survey Data

Tuesday, November 12, 2013

More Disappointing Japanese Survey Data

Yesterday we cited the weaker Economy Watchers Survey as the latest indicator to suggest printing money on overdrive is no more a panacea than printing money in 4th gear (as we have in the US). Today we got more of the same as consumer confidence shot down to the lowest level of the year on the biggest one month drop since Fukushima. The decline was broad based across components and makes the September number look like noise amid a clearly declining trend since May.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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