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Powerful Lords committee damns Bank of England over inflation forecasts (www.theguardian.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

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[–] [email protected] 4 points 11 months ago (1 children)

It's easy to keep inflation down when your population is decreasing by 0.5% per year and accelerating downwards, with far more people aging out of the workforce than entering it. Japan is going to be in for a world of economic hurt over the next two decades.

China's population has peaked too, and it's economic outlook is going to be very dire when the big age cohort currently in their 50s starts retiring in 10-15 years.

[–] [email protected] 1 points 11 months ago (1 children)

Isn't that what people have been saying for decades? Yet the 'economic miracle of Japan' just keeps rolling.

https://foreignpolicy.com/2023/09/14/japan-economy-neoliberalism-east-asia-washington-consensus-imf/

[–] [email protected] 1 points 11 months ago

Considering that their population only started decreasing about 4-5 years ago, I don't know how "decades" is possible.