Posted on 01/30/2014 6:34:40 PM PST by BenLurkin
Production of the sauce fell 5.1 percent in the five months that ended on Nov. 30 from a year earlier, which partly reflected stockpiling before Kewpie Corp. hiked prices by as much as 9 percent in July, followed by Ajinomoto Co. in August. The cost of living in Japan, excluding fresh food, climbed at the fastest pace in five years in November, even as salaries continued a tailspin that started in June 2012.
(Excerpt) Read more at japantimes.co.jp ...
>> The cost of living in Japan, excluding fresh food, climbed at the fastest pace in five years in November
As someone that’s lived in Japan HOW IT POSSIBLE TO GET MORE EXPENSIVE?
Just kidding, it’s because they foolishly devalued their currency AGAIN.
What does “good inflation” look like?
Just a wild guess, but because of the disaster at the nuclear power plant, they probably had to drastically increase their imports of oil and natural gas, and that might be the chief reason for the inflation.
You do realize they’ve been fighting literal deflation for almost 20 years, and have never devalued their currency, which trades in the open market.
You do realize they’ve been fighting literal deflation for almost 20 years, and have never devalued their currency, which trades in the open market.
Aren’t Japanese banks involved in a form of quantitative easing and creating magical money to prime the pump so to speak also? Their central banks are involved in fractional banking and mirrored off our system I think. I’m no expert but just saying.
You’re definitely not an expert.
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