Gold Sales soar as Abenomics continues
Duncan Richardson, News Editor
23 Jan 2014, 5:21 p.m.
Japans largest bullion supplier Tanaka Kikinzoku Kogyo has seen its sales increase by 65% to a 5 year high as local investors seek a safe haven from Prime Minister ShinzoAbe’s policy to weaken the yen. Bars sold to local investors increased to 37.3 metric tonnes in 2013 up from 22.9 tonnes in 2012. Since Abe came into power the Yen has lost 18% against the dollar.