Friday, 23 October 2015

Japan not lacking in money

The Japanese government has acknowledged that there is a limit to what monetary policy can do to boost inflation in Japan. From Bloomberg:

“Prices aren’t rising in Japan not because of a lack of money, but because of a lack of demand,” Japanese Finance Minister Taro Aso told reporters in Tokyo on Friday. “The economy is fine, but looking at inflation, the effect of a halving of oil prices has been pretty huge.”

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