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Metals up ahead of Japan rebuild

Posted on 28 March 2011

Metals traders became very excited when they heard the latest estimate of Japan’s reconstruction cost coming in at $US308 billion ($300bn). Up went the base metals on the assumption, presumably, that to get started you just need to write a few cheques.

Not quite, we fear. There’s that small matter of public debt representing more than 200 per cent of Japan’s GDP…………………………………….Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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