Gold sales by Japan’s biggest
bullion retailer surged 63 percent to a five-year high as prices
slumped and investors sought refuge from Prime Minister ShinzoAbe’s campaign to stoke inflation and weaken the yen.
“Gold has been very attractive to individual investors as a hedge against inflation,” said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co. in Tokyo. “Investors became concerned as Abenomics weakened the yen.”
me........Japanese buying just like China
“Gold has been very attractive to individual investors as a hedge against inflation,” said Kazuhiko Saito, chief analyst at commodities broker Fujitomi Co. in Tokyo. “Investors became concerned as Abenomics weakened the yen.”
me........Japanese buying just like China
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