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In Japan, Top Tuna Sells Below ¥5 Million For The First Time In Eight Years, Down 22% From A Year Ago
While Japan's population is toiling under what by now is insurmountable import price inflation, leading to soaring prices for anything that isn't produced domestically and has to be purchased with rapidly depreciating Yen, the reality is that - thanks to the biggest collapse in real wages in the 21st century - the deflationary mindest is now more embedded than ever. Case in point: the first tuna auction at Tokyo’s Tsukiji Market. It was here that earlier today the highest price for a bluefin tuna fell below ¥5 million for the first time in eight years, coming in at ¥4.51 million for a 180-kilogram tuna caught off Oma, Aomori Prefecture.
According to Yomiuri, Kiyomura, operator of the Sushizanmai restaurant chain in Chuo Ward, Tokyo, won the bid for the tuna. The price works out to about ¥25,000 per kilogram.
The company said it will serve the tuna at prices ranging from ¥128 for akami (red-flesh tuna) to ¥398 for otoro, the parts with the most fat, at its Sushizanmai restaurant.
Since 2009, the annual bluefin auction at Tsukiji Market has been extremely competitive among buyers.
In 2013, a 222-kilogram bluefin tuna went for a record ¥155.4 million. Last year’s most expensive bluefin tuna weighed in at 230 kilograms and was auctioned for ¥7.36 million.
In other words, all else equal, the price of tuna has crashed from ¥32,000 to ¥25,000 per kilo: an unprecedented 22% price drop, one that screams deflation. Why? Because all the other disposable income is going to pay for all those other things, like hamburgers, electricity and iPhone, whose prices are soaring. And since Japanese wages aren't rising, there is that much less cash to pay for everything else.
Don't worry though: this is just a little deflation and nothing that the BOJ monetizing 150% of all Japanese treasury issuance, instead of only 100%, can't fix.
Sarcasm aside, will anyone in Japan actually notice the country's now irreversible decline into a failed-state status? Probably not: according to another report in AP, when some 128 people were rushed to hospitals after choking on mochi - that would be Japanese rice cakes - during New Year's celebrations, with nine actually dying, the government felt compelled to advise the population how to, well, chew.
The department advised people to cut mochi in small pieces, chew slowly and learn first aid. In addition to the Tokyo deaths, three people died in Chiba Prefecture, while one each died in Osaka, Aomori and Nagasaki prefectures, the Yomiuri reported. In the Nagasaki case, an 80-year-old-man choked on a mochi that was in sweet bean soup served for free at a Shinto shrine.
In retrospect, otherwise completely inexplicable, and in fact idiotic, events in Japan, suddenly seem far more understandable.
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Who would want to pay top yen for fuku tuna anyway?
My thought exactly reading this. Wonder if they use geiger counters?
Make best Glow Roll.
Jiro Dreams of Cancer
That's still 40 grand for a mucury filled, radioactive fish
https://www.youtube.com/watch?v=VI6tBwVjyOY
Why does that one huge Tuna have 3 eyes and lesions all over?
Ebola or Aids or Radiation. Maybe a combo of the three.
neuro toxins concentrate at the top of the foodchain in the ocean, how bout radio isotopes?
Cesium not so much except for in your kidneys (and hey, you got two of them right?) but the heavy metals like plutonium definitely do.
I was under the impression that cesium mimics iodine and is taken up by the thyroid.
Well, I would. You gotta be out of your mind not to taste this delicious tuna. So what's your fucking proposal here? Just leave the tuna in the ocean? Come on. I don't know what you smoke, but that's entirely inhumane. As long as it moves, we hunt it down. Code of our entire species. And if it has two more heads - well, prices should go up instead of going down. Two more heads for less money?! That's bullshit.
Now chew slowly and learn first aid.
It's an open ocean species; it was probably eating somewhere off-shore of Hawaii, earlier in the year. They're not "local residents".
The scientific name is proposed to be changed to swimming radioisotope bioaccumulators.
Anyone eating those fish is an idiot.
Value of radioactive tuna = less than zero because it's technically hazardous waste.
But I hear since Fukushima you can light your house with it, making it an exceptional value now.
I thought that was the Fuku Whale Oil. Totally smokeless.
It may be radioactive, but its parasite free !!!
I rather like fish markets,
but the smell always reminds me of .... France.
We are getting a preview of what's in store for the US.
It's death to the Yen.
Then the US Fed starts slaying the US dollar with QE 4, QE 5, QE6...
Following Japan.
Turn the lights off, glow in dark tuna.
I hope these fucking crazy nips all die of radiation poisoning as karma for killing off a majestic species ... RIP bluefin tuna
Right because not a drop of Tuna is consumed by the fatasses in the United States. Give your fucking head a shake.
Did this years tuna glow less than last years?
Stay away from blowfish liver too.
That's still $40 Grand for a fucking fish!
and its dead. Not like buying a prize animal for breeding.
And the intrinsic value of all that paper was two fiddy...lol.
Something smells fishy here!!!
Just the ink alone cost tree fiddy.
Well, ole Abe probably floated another government bond for the ink anyways. Its not like it costs them anything real in this fiat ponzi scheme.
I can hardly wait for the first million dollar (yen) shrimp to hit the market ;-)
At $100/Lb wholesale, it is a luxury. The final street value must be outrageous.
Inelastic demand, meet over-fishing.
We FukaTuNa Zum Volks!
6 million were caught in the nets.
¥4.51 million, for a blue fin tuna...lol.
Central banks, gotta love em, always looking out for the little guys hard earned yen. At least he was able to reuse the same wheelbarrow he carried the cash in with, to carry the fish out with ;-)
If my math is right, those prices work out to about $95/lb for tuna on the hoof. That's deflation?!
And about $ 450,000/ lb of spent isotopes.
We are lucky to see what will happen to the US.
Take notice all you Federal Reserve PhDs because that's where your leading the US!
They know
Somat smells fishy and it ain't just mr yellen's putrid cunt flaps.
The tuna is cheap. It's the cost of the geiger counter that pushes the price up.
In all seriousness I don't know why this is called deflation. To me it's case of reversion to the mean.
I keep wondering that about oil.
That;s somewhat the case; the Saudi's just starting selling it cheaper; which means they were "just" selling it more expensively 6 months ago; it's "kind of" manipulated market.
Pacified Pacific urchins pissed on are in need of another Pearl to boost morale.
This is a job for Batman and Robbin' cunts ( aka Benny & Timmy G ) the caped crusaders.
For those patient "glasshoppahs", an informative movie describing what happened to once-grand Japan:
https://www.youtube.com/watch?v=p5Ac7ap_MAY
View it as a preview of what's to come...
About 41,000 dollars .... would have been nice to mention that in the article.
Top glow in the dark tuna with a gift the that keeps on giving, courtesy of a 4.5 billion year half life.
Why wouldn't some fukker clone those things....
Seriously, there would seem to be a shit ton of money to be made somehow there. Raise then near Fuku and maybe get a few with two heads or 6 eyeballs or something...
This isn't cheap tuna that goes in cans and then into your sandwiches. It is like comparing hamburger cuts to prime wagiyu or fillet mignion. Gets served as very expensive sashimi.
They already farm bluefin tuna in places like the Yorke Peninsula (South Australia) for export (air freight) as a premium product and those involved are multi millionaires.
Can rads be measured in Yen ?
Not until we get changed over to the new energy = currency model. Then all of it will be caluclated in rads, calories, etc.
How much energy does it cost to convert matter to other matter, with all the costs and consequences factored in?
There will be no need of a free market, the algos will do the equations for us... a free market is too emotional, emotions are inefficient and irrationally burn energy that produces nothing.
How many energy credits do you have in your account? Do you have permission to spend them to convert matter in the way that you propose? Are you willing to pay the "impact fee" on that as well? We must take into consideration the good of the system, the good of the whole...
Sorry, but no one ever takes into account "the good of the whole". The only thing that ever gets taken into account, is the good of the 1%; and that goes back to the roman Wars with Carthage. Always. Always. There's always an oligarchy.
Deep cynical cynicism from me!
Did anyone else notice the third eye, on that one in the middle?
maybe, i'm just seeing things...wish i could get closer
No you don't luna_man, no you don't. Unless, of course, you are wearing your lead suit. If so, then carry on with your examinations.
Long japanese tourism?
Will be down another 75% by the end of the year. Tuna anyone?
You can tune a piano, but you can't tuna fish...
Test for CESIUM -137 before eating. Those fucking liars. They will stand before the creator one day and give account.
Nah, its because not only is tuna loaded with mercury its now filled with Fuku radiation. This shit'll kill ya. Soon you won't be able to give it away. Well the unscrupulous will probably unload it to clueless foreigners
Yellowfin tuna is more expensive than bluefin and has a far better taste.
Are they removing the skin from the tuna before presenting them so customer's don't see the lesions caused by the radiation?
Mitsubishi owns the worlds biggest freezer which is located in slightly radiated Japan. The owners can take the dips in price by limiting and sitting on supply. Its the DeBeers diamond stategy. So they are also proponents of over fishing tuna which means smaller future supply. Tuna is my favorite swimmer, but it's being depleated so I refrain.