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Tips: Jap foldies - upgrades and fixes

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We've all seen those jap foldies everywhere. They sell anywhere from 2k up to 20k. Has anyone upgraded or restored a jap foldie? Most if not all have steel frames, 6 speed Shimano drive train, front caliper brake, rear drum breaks and they come in a variety of conditions.

Has anyone upgraded or restored a jap foldie? Any tips on the drive train, brakes, bb, hubs, rims, etc?

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