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08.07.25 - 15:33
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Will Japan′s Rice Price Shock Lead To Government Collapse And Spark A Global Bond Crisis (ZeroHedge)
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Will Japan's Rice Price Shock Lead To Government Collapse And Spark A Global Bond Crisis
A little over a month ago, we first (and the Economist about a month later), summarized the plight of Japan's soaring inflation and contracting economy with one word: rice.... well, technically it was a few more words. This is what we said:
What is ironic, is that Japan does not actually have high core inflation; it does however have soaring rice prices which have skewed inflation expectations across the population as rice is a huge component of the overall CPI basket. Meanwhile the BOJ is scrambling to contain inflation - which has tumbled ex food with real wages near record lows - and is tightening conditions by raising rates even though it has zero control over food inflation. However, as a by product of its monetary policies and strong yen, the bond market is crashing every day now, and soon this bond crash will spread to Japan's banks and global markets, sparking a global crisis.
TL/DR: Japan w...
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27.06.25 - 19:12
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6 Americans Detained In South Korea For Trying To Send Rice, Bibles, Dollars To North (ZeroHedge)
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6 Americans Detained In South Korea For Trying To Send Rice, Bibles, Dollars To North
Authored by Katabella Roberts via The Epoch Times,
Six Americans were detained in South Korea on June 27 for allegedly attempting to send thousands of plastic bottles filled with rice, U.S. dollars, and Bibles to North Korea by sea, according to police.
The group had allegedly been trying to dispatch 1,300 bottles into the sea at a border island west of the South Korean capital, Seoul, toward North Korea when they were discovered by a military official patrolling the area, a police official at the Incheon Ganghwa Police Station said.
The U.S. citizens are suspected of violating the country's disaster and safety law in an area that was recently designated a risk zone, meaning activities deemed harmful to residents are banned, the official said.
No charges have been announced against the individuals.
“We're investigating them through an interpreter and will decide after 48 hours whether to release them or n...
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27.06.25 - 16:12
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Japan: Wird Reis zum Luxusgut? (Sueddeutsche)
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Es war immer verfügbar, immer erschwinglich – nun ist Japans Nationalgetreide so teuer wie nie. Das verändert nicht nur das Einkaufsverhalten, es bedroht auch uralte Traditionen. Ein Besuch auf den Feldern....
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