Japan reported on Friday that its consumer prices excluding fresh food fell 0.5 percent in March from the previous year, signalling continued deflation . There was no immediate reaction from the Bank of Japan . Its latest … [...]
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On Thursday, the Bank of Japan announced a campaign against deflation that has been going on in the country for the past fifteen [...] Soon a fucking Seven-Eleven going tits up will require ECB intervention: This was all predicted by Minsky in his treatise, the “Financial Instability Hypothesis”, which I summarized in my own style, here: ” Minsky v.s. [...] Outgoing Bank of Japan Governor Masaaki Shirakawa warned on Tuesday there is no quick way to fix an economy that has suffered 15 years of deflation and that aggressive money printing alone was [...] Before he was Chairman of the United States Federal Reserve, Ben Bernanke claimed in 2002, “…sufficient injections of money will ultimately always reverse a deflation “, although Japan's deflationary spiral was not broken by … [...] Minsky , History, Reality v.s. Bernanke, Wall Street, Politicans. I noticed my stats had fallen off, so I thought there must be an NFL playoff game going on that I wasn't aware of. Then I took a gander at another “alternative” blog, … [...] In the early 2000s the Bank of Japan , the counterpart of the Federal Reserve, tried to fight deflation by printing a lot of money. But it, too, pulled back at the first hint of improvement, and the deflation never went [...] Friday's surprisingly high Japanese CPI data (only 0.1% deflation on a yearly basis) reversed the negative sentiment towards the Japanese Yen. As Christopher Vecchio explains, the stronger yen might also cause a fall in all … [...] Japan is not a good example of how deflation typically plays out. As Ilargi points out, they were an exporting powerhouse exporting into the biggest consumption boom the world has ever seen. They also had a very large pile … [...] |
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Pension Pulse: Prepare For 'Seismic Shift' in Japan?
A surprise Japanese election is expected to ratchet up pressure on the Bank of Japan to do more to kick-start an economy hobbled by monster debts, deflation and shrinking GDP. Prime Minister Yoshihiko Noda said … [...]