Good Inflationary News
The Consumer Price Index of All Items in Japan© is almost back to where it was in September 1997. Just goes to show you that deflation is never a threat if you have a printing press.
The Consumer Price Index of All Items in Japan© is almost back to where it was in September 1997. Just goes to show you that deflation is never a threat if you have a printing press.
Posted by CP at 5:46 PM
3 comments:
This inflationary good news has nothing to do with Japan's working age population.
http://research.stlouisfed.org/fred2/series/LFWA64TTJPM647S
Note that the Japan balance of trade surplus hasn't varied according to the working age population:
http://research.stlouisfed.org/fred2/graph/?g=VfS
Unemployment Rate: Aged 15 and Over: All Persons for Japan©
I think there's hope, if they can keep their unemployment rate falling forever.
It's sort of a big if though.
1. It can't go below 0%.
2. The last attempt was thwarted by the Great Recession.
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