Abenomics Update: Domestic Japanese Car Sales Plunge 15.8%

This is a concrete example of why currency wars are destructive.  Devaluation may temporarily boost exports, but they induce inflation of goods and services--including imports.  Tapped out consumers consume less, and go further into debt.

http://www.zerohedge.com/news/2013-07-01/abenomics-update-domestic-japanese-car-sales-plunge-158