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