Getting Japan to Spend - NYTimes.com
Waylan Choy stashed this in Current Inflation Fiat (USD vs the World)
Stashed in: Japan
"As deflation became entrenched, consumers adjusted accordingly. Instead of splurging on a bottle of Chanel fragrance, they started to buy perfume by the ounce from peddlers online. Companies adjusted, and designer denims gave way to no-frill jeans that went for $10 instead of $100. Consumers began visiting Japan’s ubiquitous 100-yen shops, Don Quijote discount stores or even the Hard-Off recycled merchandise stores."