Samuelson gets some of the other aspects of this issue wrong. For example, he says that Japan's deflation is a problem in part because falling prices cause people to delay purchases since items will be cheaper in the [...]
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Still, the government is pressuring the bank to depreciate the currency as the strong yen is hurting its export industry and the economy is experiencing deflationary pressures. [Why Japanese Yen ETFs are Getting Crushed] … [...] These deficits have been almost entirely financed by Japanese institutions, content to own JGBs yielding 1% or less, because the deflation still gave them reasonable real returns. The yen has benefited from these real returns, … [...] Robert Samuelson rightly calls attention to the decision of Japan's central bank to target a 1.0 percent inflation rate, although he doesn't get a few of the key points right. First, this decision, if accurately described, will provide a … [...] Samuelson gets some of the other aspects of this issue wrong. For example, he says that Japan's deflation is a problem in part because falling prices cause people to delay purchases since items will be cheaper in the [...] Robert Samuelson rightly calls attention to the decision of Japan's central bank to target a 1.0 percent inflation rate, although he doesn't get a few of [...] |
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