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Japanese pensioners hit by financial meltdown - 28 October 2008

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Uploaded by on Oct 27, 2008

Retirees in a small Japanese city are already feeling the impact of the global economic meltdown after the city lost its investments following the US credit crunch.

The city has been forced to cut back on services such as care for the elderly, as Al Jazeera's Paul Allen reports.

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  • you're a moron if you think japan is a communist country. its been covering america's dumb greedy capitalist system for decades. idiot.

  • It's not only Japan. The losses will be spread all over the World!

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  • This could not have happened to a nicer country. The Japanese people are resilient and will overcome this disaster(s). Incidentally, Fukushima Dai-ichi plant was scheduled to be closed this year. Bad, bad timing.

  • The sad thing here is that more and more elderly people will engage in pornography. I hope one must find a solution to this problem especially the government of Japan.

  • This is really sad.

  • It's not capitalist anymore lol. Barack Obama gave stimulus, doesn't that make it a socialist?

  • so they were told to gamble on an inherently currupt economy based on interest, and inflation that was destined to benefit a small rich group and rob the rest. in other worlds, japan's government is in on the scam as well.

  • Savings, Hard Assets, Stocks, IRAs, Social Security, Job Skills, Rebates, Real Estate - Repeat!

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