avparker.com on Nostr: Japanese government have been trying for years to stoke inflation. Now they are ...
Japanese government have been trying for years to stoke inflation. Now they are surprised when prices go up fast than wages.
The currency is on a slow grind to zero as they continue to print money to infinity, and they can't stop it because if they raise rates everyone will see they've been swimming naked for a long time.
It would be good if they at least pretended to try doing something to fix it. The only way out is increasing productivity (and that's a long road). Instead they just want to continue papering over the issues to stay in power.
The currency is on a slow grind to zero as they continue to print money to infinity, and they can't stop it because if they raise rates everyone will see they've been swimming naked for a long time.
It would be good if they at least pretended to try doing something to fix it. The only way out is increasing productivity (and that's a long road). Instead they just want to continue papering over the issues to stay in power.