Oct. 7 (Bloomberg) -- Japan’s underworld can tell you a lot about what’s happening in the legitimate economy.
Gangsters are on the run as growth wanes and deflation worsens. Yet the oddest development by far involves yakuza members sitting for exams covering key aspects of their work.
If you think this is just a law-enforcement issue, think again. It’s a sign Japan’s funk will be longer than economists predict. That may surprise those betting Japan is recovering. Oddly, though, the plight of gangsters tells the story.
Read full article here: http://www.bloomberg.com/apps/news?pid=20601039&sid=aXERm052xVHI
Tuesday, October 6, 2009
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