Lost in inflation: the trap of focusing solely on the consumer price index | The Japan ... - 3 views
www.japantimes.co.jp/...nb20120220jp.html
Inflation Monetary Policy Fiscal Policy Balance of Payments
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interest rate policy since February 1999
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Edward Pearson on 31 May 12-Increase borrowing and decreasing savings -however, real interest rates are positive due to deflation
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the government's fiscal policy options are starting to run out
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This is reflected by globalized Japan's descent into its first trade deficit since 1980
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prices in Japan remain very high by international standards.
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cannot pin their hopes on wage increases
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They should step back and take a look at the big picture, including Japan's abnormally high prices,