this post was submitted on 27 Nov 2023
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Why aren't people taking a closer look at Japan? Their inflation rate is down 929% from last year, without adjusting the cash rate.
Why is it that the EU, UK, Canada, NZ, USA and Australia all keep trying to reach the same goal of suppressing demand until unemployment is high enough for prices to fall. It's insane.
What I was basing my observation on: https://theconversation.com/japan-has-gone-its-own-way-on-fighting-inflation-can-nz-learn-from-a-global-outlier-210618
Yeah, shit is NOT good over here. Prices on basic necessities have soared but wages haven’t appreciably changed in, legit, 20 years. People are sick of Kishida and hours approval rates are in the tank because he’s raised taxes while inflation has meant basic goods is up. Japan is not a good example right now.
Here’s an article I read a few days ago on the inflation over here Notice how they leave out the cost of food and energy calculating things. Plus, that talk about:
sounds nice until you consider it had shot up between 24-48% depending on where you’re getting power from (I’m lucky. I’m in Osaka so prices only went up about 25%. They went up 48% in Hokkaido).
Oh wow that's insane to leave those essentials out of the calculation.
Shit isn't good here either, energy costs increased by 20-25% in just a quarter, homelessness rising, wages have fallen in real terms over the last two decades while company profits have soared, renting is out of reach of most young people while the older generation is retiring with multiple homes. The share of GDP that goes into people's pockets is literally the opposite of what it was in the 1950s.