The most important developments in 2013 were Abenomics, QE China’s belated attempt to reign in its credit bubble and the advent of ObamaCare.Most pundits believe that Japan will continue Abenomics; some believe that Japan will increase its QE. However, Abenomics is not only failing; it is worsening the plight of Japanese citizens because it is increasing the costs of the necessities of life about five times more than wages. A big surprise in 2014 could be the abandonment of Abenomics sometime after Q2 as Japan’s inflation increases while its trade deficit continues to worsen.
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