Well my favorite leading indicator has always been the "shopping bag index."
This is to say that you can tell the state of the Japanese economy by looking at the shopping bags that women between the ages of 20 and 30 are carrying. There is a distinctive expansion in shopping, a leading indicator for Japan.
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Thoughts and insights from a long time observer of Japan. Am I really an insider or an outsider? Who is to say? I am just going to publish what I know-and that makes it real.
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