EconoMonitor : Don't Shoot the Messenger » The Real Experiment That Is Being Carried Out In Japan
They are battling 15 years of deflation by trying to double the monetary base in 2 years . But the effect of massive money printing is to devalue the yen making import prices rise which reduces growth... Also as elsewhere in the developed world the baby boomer generation is retiring to be replaced by lower earning young people reducing growth...
Everyone is printing like mad, but everyone has a retiring baby boomer generation.. Watch what happens in Japan it's coming here soon.
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