Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Encouraging Results Of Abenomics

In the first three months of 2013, Japan's economy grew by 3.5%, a solid beat of the 2.7% analysts were expecting. Now, initial reports are coming out that Japanese Core Machinery Orders are up 14.2% in March, destroying the 2.5% analyst estimates. This has been coupled with a huge stock market rally; the Nikkei recently broke through a 5-year high. Despite the initially encouraging news, it would be premature to pass decisive economic judgment on the effect of Abenomics right now.