July 10, 2013

Japanese consumers predicted to become net buyers of gold as yen value declines according to industry source

"Japanese consumers are poised to become net buyers of gold for the first time in eight years as the yen’s decline and looming inflation drive them to seek refuge in bullion, Bruce Ikemizu, the head of commodities trading in Tokyo at Standard Bank Plc., said in an interview in April."

Source: Gold in Japan ETF Expands 10% as Price Drop Entices Buyers (1)
By Aya Takada and Ichiro Suzuki
July 9th, 2013
Bloomberg News

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