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Wednesday, May 30, 2012

''In Escape From Japan Doomsday, Capital Takes Flight''

From Jakarta Globe

''Hiroshi Kosaka has an unorthodox pitch for his realty business: instead of pictures of swanky condominiums his website features Japanese debt statistics and budget meltdown scenarios usually left to credit rating agencies.

His firm is part of a cottage industry that has sprung up to help worry-prone Japanese savers get out of the yen and find property overseas that could serve as a safe haven in a financial disaster. The trend comes against the backdrop of a deepening pessimism about Japan’s economic future that has made “Escape from Japan” a hot-selling business book and helped drive sales of second homes from New Zealand to Malaysia.''

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