Japan has a very unique culture, one based on minimalism, savings and a demographic heavily squewed to the elderly. But like all heavily indebted nations their time is coming.
When credit risks develop due to extremely high debt to gdp or a collapse in productivity interest rates rise, countries and the populace default. Think Venezuela.
Very few seem to understand inflation and hyperinflation it seems. They think it is only a result of things going well in an economy with plenty of velocity. If that's the case why are we seeing price inflation now when productivity is tanking and everyone is stuck at home not going out and spending? The nastiest price inflation is seen when things are not going well and central banks attempt to inflate the debt away.
When credit risks develop due to extremely high debt to gdp or a collapse in productivity interest rates rise, countries and the populace default. Think Venezuela.
Very few seem to understand inflation and hyperinflation it seems. They think it is only a result of things going well in an economy with plenty of velocity. If that's the case why are we seeing price inflation now when productivity is tanking and everyone is stuck at home not going out and spending? The nastiest price inflation is seen when things are not going well and central banks attempt to inflate the debt away.
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