The Phaserl


Japan Markets Hammered as Deflationary Cycle Continues

by James Corbett, The International Forecaster:

This week’s collapse in the Nikkei 225 index in Japan (down over 525 points as of press time to below the 17,000 mark) is bad news for the moribund Japanese economy, but was it unforeseeable?

We are told that the pagans used to scry the entrails of slaughtered animals to predict the future. How about tuna? Every New Year fish merchants gather at the Tsukiji Market in Tokyo to enter a bidding war on the prize tuna catch, with prices for the top tuna getting into seven figures. However this year the highest priced tuna was a 180 kilogram bluefin caught off of Oma, Aomori Prefecture that went for 4.51 million yen, marking the first time the prize catch has gone for under 5 million yen in the last eight years. Surely a sign that times are tough in 2015 Japan.

Read More @ The International Forecaster

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