Foundry Daily News

Japan leads the world into

fastest pace in 16 months


<font face="arial, geneva, helvetica" size="2">US and Europe is next but the big one is in India and China&nbsp;</font>

<font face="arial, geneva, helvetica" size="2">Nikkei could not take it any more. It is down by more than 100 points. Japan's wages fell at the fastest pace in 16 months in December as companies paid lower winter bonuses. The consumer spending is expected to go down fast from here.&nbsp;</font>

<font face="arial, geneva, helvetica" size="2">Japanese economy is leading the world into deep deflation. Japanese Yen’s weakness is conforming the same. The deflation is spreading fast. US and Europe is the next big deflation story. Copper and real estate markets confirm the deflation in US and Euro Zone.&nbsp;</font>

<font face="arial, geneva, helvetica" size="2">The biggest deflation story is in economies that are flying with one borrowed engine – India and China. The world depression can wipe these economies out contrary to double-digit expansion for ever. Asian stocks are declining rapidly.</font>

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