Game Over Japan: Real Wages Crash Most In 21st Century, Savings Rate Turns Negative
by Tyler Durden
ZeroHedge.com
12/26/2014
After two years of economic torture and financial destruction, Abenomics has finally claimed the Keynesian prize: real wages crash 4.3%, the most in the 21st century, and Japan’s legendary savings rate, which peaked at 23% in 1975, just turned negative for the first time ever. Game over Japan.
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