By TOMOKO A. HOSAKA, Associated Press Writer Tomoko A. Hosaka, Associated Press Writer – Fri May 15, 7:37 am ET
TOKYO – The latest victim of Japan’s recession is round, sweet and famous for being shockingly expensive.
The first two Yubari melons of the season were auctioned Friday in northern Japan and fetched 500,000 yen ($5,200). Pricey? Certainly. But it’s practically a steal if you consider last year’s winning bid — a record 2.5 million yen, or about $26,000. In 2007 they sold for 2 million yen.
It appears the world’s swankiest melon is in a major deflationary slump.
Oh my God. The price has crashed! What a loss.