Japan Rocked By Accelerating Deflation And New Unemployment

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Japan has been rocked by accelerated deflation and a spike in unemployment.

Consumer prices fell 1.5% in April, which was faster than the 1.2% experienced in March.

Moreover, the unemployment rate hit 5.1%, the highest level since January according to the Associated Press.

Here’s the most telling fact of them all — exports surged 40% in April.

Japan’s economy is still dead, only kept on life support by surging international demand.

Its GDP is comprised of a rotting domestic core kept hidden by a shiny export shell, yet one which is rapidly being eroded thin by other Asian manufacturers moving up the value chain and towards Japan’s vaunted position for capital equipment and electronics.

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