By the way, if you think this is something, you should see what is happening to crude oil prices in Yen terms. The Japanese political and monetary leaders are certainly doing their best to kill deflation over there. Pity the average Japanese citizen whose stock portfolio is looking great while their standard of living is dropping into the toilet.
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Dan your commentary is always outstanding. Not a Japanese citizen but an expat living in Nihon I can say that things are not any worse than they've been in the last few years, not YET anyhow. I expect things to change rapidly, but I assume the recent drop in gold will stave off any major inflationary hits here.
ReplyDeleteOne thing I often wonder is: how can the JPY be down 25%, yet gasoline here is only up 5%? The J-gov must be keeping a lid on things is all I can guess.