Japan leads the world into deflation with wages falling at the fastest pace in 16 months – US and Europe is next but the big one is in India and China
Special Correspondent
Jan. 31, 2007

Nikkei could not take it any more. It was 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.

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 are the next big deflation stories. Copper and real estate markets confirm the deflation in US and Euro Zone.

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 forever. Asian stocks are declining rapidly.

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Japan leads the world into deflation with wages falling at the fastest pace in 16 months – US and Europe is next but the big one is in India and China
Special Correspondent
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.
READ MORE>>

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