For all the constant bullshit spewing from the mouths of any and every Japanese monetary and fiscal policy maker about a “continued moderate recovery”, the facts are the facts and the data is the data – 2 years of Abenomics has utterly failed. The lastest example is tonight’s triple whammy of surging joblessness (up to 3.6% from 3.4% – highest in 6 months), a 2.0% tumble in retail sales YoY (double expectations and worse since the tax hike), and a plunge in household spending (-5.1% YoY – down for the 10th month in a row).