This is a picture of a young Japanese woman getting her hair cut. The title of this post is about forecasting the economy.
So where’s the beef? Interestingly, researchers at Kao (the Japanese personal care products giant) claim that there is a correlation between the length of hair on Japanese women and the economy. According to the Reuters article:
Economic forecasters beware: Japanese women are cutting their hair again.
Women tend to wear their hair long when Japan’s economy is doing well and short when there is a slump, the Nikkei business daily reported, citing a survey conducted by Japanese cosmetics company Kao Corp.
As for Japan’s future economic performance, the Nikkei pointed to expectations for a trend towards shorter hairstyles.
Looks like the average Japanese woman also know a thing or two about holding a short position on the market aye?