4 ms·
The yen falling in value is a good thing. The targeted inflation rate is 2%, not exactly Weimar Germany. I guess we're going to have to agree to disagree.
by hudibras 13y ago
The yen falling in value is a good thing. The targeted inflation rate is 2%, not exactly Weimar Germany.
I guess we're going to have to agree to disagree.
- J_ 13y agoIt's not if you're Japanese and it causes a bond crisis. Their debt equals over 20 times their government's revenues. Even 2% inflation will cause yields to move and debt service to exceed government revenues. They will be forced to default or inflate. Either will cause the value of the yen to nosedive.
- daliusd 13y agoWhat's is government's revenues? Isn't GDP we should worry about or that's what you have in mind?