Japan may be the next major impediment in the world wide recovery

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Among the most interesting events next year will be the situation in Japan. Last week we had a mix of data of which the positive ones came from Japan’s Governor Haruhiko Kuroda, who claimed that the central bank is encouraging companies to raise the wages. He tried to give a lesson to the business leaders by reminding them that “It is not the strongest of the species that survives, but the one tha...

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