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Hey, turns out I actually live in Japan, and have been here for the most recent round of QE. The value of the yen has dropped something like 33% compared to th
by rtpg 11y ago
Hey, turns out I actually live in Japan, and have been here for the most recent round of QE.
The value of the yen has dropped something like 33% compared to the dollar (went from $1 = 100 to $1 = 140 in the past 3 years) but yearly CPI increases have never hit above 2 or 3 percent.
Prices have gone up, but mainly due to the sales tax increase, not due to QE. Considering that CPI is almost definitionally linked to inflation, I feel that it's a pretty good indicator of lack of real inflation.
- ekianjo 11y agoTurns out I live in Japan as well and we must not be shopping in the same places at all, because the prices increases are way more than the difference from 5% tax to 8% tax. I guess it's your opinion against mine. PS: I noticed you have been in Japan for like 3 years. I have been here for 8 years. I guess some experience counts as well.