Has Inflation Revived Japan’s Economy?
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Publicado 2024-07-24
Learn more about Too Long: • Too Long Q&A
When inflation picked up a few years ago, no one was happy - well, apart from Japan, who might be able to pick itself up from its deflationary funk. So, could a sudden inflation spike be the beginning of Japan's long-awaited recovery?
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1 - carnegieendowment.org/2010/03/18/japan-s-past-and-…
2 - adamtooze.substack.com/p/chartbook-136-the-legacy-…
3 - www.economist.com/asia/2024/07/01/japans-mind-bend…
4 - tradingeconomics.com/japan/gdp-growth
00:00 - Introduction
01:38 - Balance Sheet Recession Explained
03:40 - Why Inflation Might Be Good for Japan
07:38 - Too Lo
Todos los comentarios (21)
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Inflation in the rest of the world: This is destroying my life. Inflation in Japan: I'm about to start this man's whole career.
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0:22 bro don’t do that
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Japan resident here. Inflation has really affected food prices (though it took way longer to affect us, and it's not as bad as many other countries), but wages aren't keeping up, those wages you mentioned are not for the average worker. With the weak yen, all imports are getting more and more expensive, and a lot of people have said they aren't traveling this summer, domestically or internationally. So the tourist boom is all well and good, but it's shit for the actual residents.
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It seems like all this “good feeling” about Japan’s economy is not about the average Japanese person’s bottom line and more about the top figures governments and business care about
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The world : the economy is so bad right now Japan and Argentina : our time has comes
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talk to 10 people there. at least 9 will tell you it got way worse
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japan's economy is so complex it is its own category
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Japans biggest issue is still its demographic one.
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Well, prices sure have gone up but unless you work for one of the big auto makers or a related big company your wages are stuck at the same level they were in 2010. The "average wage growth" sounds great but they don't like to talk about the median. Eggs have come back down though, surprisingly
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Correction: Japan never had the largest economy in the world. During the 1980s it was second to the US.
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please never use the alarm noise.
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It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues can be effectively addressed?
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Never include that alarm sound again, far too triggering
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as someone who has lived in the US during the 2008 financial crisis, and someone who has lived in japan for 10 years, i can say that the current day to day feeling in japan is more like a recession than it feels like the economy getting back on it's feet.
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The other day I paid to fill air in my tire. The reason - inflation
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The apology advertisement was by Akagi Nyugyo, for the Gari Gari Kun ice dessert. It actually was a bit tongue in cheek and very popular for being charismatic in a way, and was not actually an apology.
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The inflation is not driven by demand but by the supply, which isn't good
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So: Unaffordable housing, expensive food, poverty in retirement are all good things, but everything cheap and top infrastructure is bad. According to modern economists.
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Japan makes for a very interesting case economically and culturally. They’re seeing record numbers of tourists, and yet the story of “Japan reaching reaching the year 2000 level of technology in 1980 and being stuck there” still feels true as an image they need to shake.
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You can't solve a real economy problem with monetary policies. As productivity declines, so do real wages, a devaluatory policy only helps exports, momentarily boosting said industries, but at the expense of everybody else losing, and if you dont fix the root cause of the problem, you're just inflating a punctured tyre, similar to what Argentina's been doing past decades, for different reasons.
