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Nishiki was one of the larger Japanese bicycle companies selling bikes to the U.S. from the 70s to 90s.  This is the Competition model, one of the highest on their lineup around the early 80s.  This particular bike looks like it sat for a good couple of decades unused.  It was common for high end Japanese bikes of the 80s to be equipped with Suntour Cyclone components.  The cyclone group was one of the lightest and mechanically fluid of its era.  Sadly though, it has been overshadowed by the likes of Dura Ace and Campagnolo to the point where its much forgotten now.  The build quality for this model is superb,  although, the details lack a lot of flare.  For example, the lugs are plain and the chrome on the fork and rear stays are left very short and conservative.  As far as ride quality though, this baby is spot on.  It really doesn’t get much better than this.