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Worst Year for Car Sales in Japan Since Earthquake, Debauched Yen of No Help
Monday, August 10, 2015 21:20
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by Wolf Richter
Wolf Street
Japanese consumers have borne the brunt of Abenomics even as the government has coddled Japan Inc., and as the Bank of Japan’s no-holds-barred money-printing campaign has pumped up the stock market.
They’ve had to digest a jump in the consumption tax, declining real incomes, and a devalued yen that makes import purchases, such as gasoline and a million other things, more expensive and that moves trips to foreign countries, long a cherished activity for the inhabitants of the island nation, out of reach.
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Source: http://financialsurvivalnetwork.com/2015/08/worst-year-for-car-sales-in-japan-since-earthquake-debauched-yen-of-no-help/?utm_source=rss&utm_medium=rss&utm_campaign=worst-year-for-car-sales-in-japan-since-earthquake-debauched-yen-of-no-help
