My Kuroda! Japan’s Inflation “Miracle” Despite $5 Trillion BOJ Balance Sheet And -0.10 Policy Rate

Confounded Interest ^ | 02/22/2022 | Anthony B. Sanders

[Browns Ultra Fan]

Biden and Pelosi are killing us!

[Jonty30]

Japan’s debt was pretty low, so it had a lot of room to borrow money, although I’m not saying that it should have done that. Government’s should not borrow money as much as possible. I’m just saying that, unlike the US, it could better afford to borrow $5 trillion.

[Boogieman]

“The worry is that Japan’s inflation is the “bad” kind.”

As opposed to the “worse” kind?

[Vigilanteman]

This kind of stuff tends to happen when you have a government which actually cares about its citizens, a citizenry which is industrious and saves a lot and an immigration policy which favors people who will actually contribute to the country while excluding those who will milk it for all they can take.

Think what we could accomplish if we could even score two of those three.

[Scarlett156]

Great point.

[nickcarraway]

USA undertook massive fiscal spending related to COVID

The U.S. undertook massive fiscal spending under Obama, and then it increased as much again under Trump. It never ends.

[Captain Peter Blood]

Well it can’t let rates go up or the budget implodes, just like us

[montag813]

Near zero immigration and yet Japan is outperforming every other G7 nation

[Vigilanteman]

Proud to say I have a daughter, brother and their families whom Japan values highly, pays well and has awarded permanent residency.

[cgbg]

China, Japan, and South Korea have proved to my satisfaction is diversity is weakness, not strength.

[EEGator]

Homogenous societies possess pride.
Balkanized countries have strife.

[aquila48]

“Japan’s debt was pretty low...”

You must be dreaming. Japan has had huge public debt for decades, way over their gdp.

From Wikipedia... “the Japanese public debt is estimated to be approximately US$12.20 trillion US Dollars (1.4 quadrillion yen ), or 266% of GDP, and is the highest of any developed nation. 45% of this debt is held by the Bank of Japan. “

[NetAddicted]

Read later.

[Jonty30]

I thought it was lower than that.

[Scarlett156]

They are extremely picky.

[entropy12]

All true and good points. Also birthrate in Japan is very low, which reduces demand on goods and services.

[entropy12]

Spoken like a true Gaijin LOL.

[millenial4freedom]

true, but the birth-rate of native-born American whites has also dropped like a stone. Of course, the more “productive - wink-wink” members of society are breeding like mice.

[millenial4freedom]

[Glad2bnuts]

The sale of bonds was easy, they were purchased by the Japanese. They are upside down. We should study them, because we are heading that way quickly. Bidens people say of course we aren’t in trouble. We are the worlds reserve currency, and have no problem selling our debt. Same thing Japan has done, we print up money, then sell the bonds back to the printers.