The Traderszone Network

Published in TZ Latest News 5 January, 2015 by The TZ Newswire Staff

In Japan, Top Tuna Sells Below ¥5 Million For The First Time In Eight Years, Down 22% From A Year Ago

While Japan’s population is toiling under what by now is insurmountable import price inflation, leading to soaring prices for anything that isn’t produced domestically and has to be purchased with rapidly depreciating Yen, the reality is that – thanks to the biggest collapse in real wages in the 21st century – the deflationary mindest is now more embedded than ever. Case in point: the first tuna auction at Tokyo’s Tsukiji Market.

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