September 06, 2010

Japanese consumers - Waiting until prices drop further before buying?

"Japanese consumers aren't buying much of anything, and why would they? The country is still in the grip of a deflationary cycle that shows no end. Japanese consumers reason if they can buy it cheaper next week there's no reason to buy now."

Source:The Stock Market Rally Versus the World's Economic Fundamentals
Robert Reich
September 2, 2010

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