"While many impartial
observers have been lamenting the death of Abenomics now that the Nikkei -
essentially the only favorable indicator resulting from the coordinated and
unprecedented action by the Japanese government and its less than independent
central bank - has peaked and dropped 20% from the highs, Wall Street was
largely mum on its Abenomics scorecard. This changed overnight following a
scathing report by Goldman which slams Abenomics, it sorry current condition,
and where it is headed, warning that unless the BOJ promptly implements a set
of changes to how it manipulates markets as per Goldman's recommendations, the
situation will get out of control fast."
