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Echigo (Offline)
New to JF
 
Posts: 2
Join Date: Dec 2008
Location: Kamakura
12-17-2008, 05:26 PM

There's serious doubt that we've hit anywhere near the bottom of where this recession (some are already calling it a depression) will take us. Last night Asahi news was showing that the price of mansions (condos) had fallen by up to 44% in parts of Shibuya and Minato-ku! Unbelievable how quickly they've gone down.

Even the Bank of Japan Governor Masaaki Shirakawa says that we're in for not a bumpy, but a violent ride:

World economy in worst condition since Great Depression: Shirakawa

Not sure about you guys, but this is beginning to worry me to the point where I can't sleep some nights.
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