Krugman’s Japanese Legacy: Record Households On Welfare, Corporate Bankruptcies Soar, Majority Of Households Worse Off
by Tyler Durden
ZeroHedge.com
01/08/2015
1. The number of households in Japan on welfare hit a record high in October, renewing the record for a 6th straight month.
2 51.1% of Japanese households said they’re worse off compared with year earlier, the most since December 2011, according to Bank of Japan quarterly survey released today in Tokyo.
3. Corporate bankruptcies linked to weak yen rose to a record 345 in 2014 from 130 a year earlier.
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