The government of Japan published the 3Q GDP on 17th, confirming that Japan had got into a recession. The Japanese media reported as if it was struggle of Abenomics against the deflation, but the real cause of the recession is the consumption tax rise in Apr. What is worse is that the bad effect of the tax rise can neither be wiped away by the monetary policy nor by the public investment that Abenomics has been engaged in, and thus another strategy is required. We firstly review the contents of the GDP:
