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Metal Prices in Japan Drive Cemetery, Park Thefts

Thefts of metal objects in Tokyo reached 40 percent of last year's total in the first two months of 2007, a police spokesman said. In the same period in Osaka, they were more than half the 2006 total.


Elaine Meinel Supkis

Thanks for the links, Canuck. Yes, crime is rising in the Land of the Rising Sun. And like all statistics there, it is hidden. Sort of like how China deals with unrest.


Yes but the interesting thing is the type of crime. One could imagine that the Yakuza just turns away and shrugs it’s shoulders, not stepping on any toes here. This is Shanty Town activity indicative of social stress. I drive by mountains of recycled metal, we don’t have any proper public re-cycling for it. With container ships heading west empty it sure isn’t the price driving this.

Elaine Meinel Supkis

Figuring all this out is difficult because much vital information is deliberately masked. So I go to the IMF and other international agencies to get a whiff of what is going on. And getting data is like pulling teeth.

Maybe some hedge fund will hire me. Heh.

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