JEast Posted September 21, 2009 Share Posted September 21, 2009 Not to beat the drum on deflation in Japan, but can Japan save anymore? Apparently so as the Louis Vuitton bags are no longer in vogue. “I’m not drawn to Louis Vuitton at all,” said Izumi Hiranuma, 19. In addition, Wal-Mart Stores finally turn a profit after seven years. Anyway, thought this NYT article interesting and counter to the last theme we on the board had that excess cash was being spent on luxury items. http://www.nytimes.com/2009/09/21/business/global/21yen.html?_r=1&partner=rss&emc=rss Cheers JEast Link to comment Share on other sites More sharing options...
JEast Posted September 29, 2009 Author Share Posted September 29, 2009 Just a follow-up since the 30-year is approaching the 4% mark again. If inflation is indeed around the corner, it appears to be several years down the road and the Hoisington folks are on the right track. Japan's core consumer prices dropped 2.4% in August year-on-year, the fourth successive month of record falls. http://news.bbc.co.uk/2/hi/business/8279832.stm Cheers JEast Link to comment Share on other sites More sharing options...
Carvel46 Posted September 29, 2009 Share Posted September 29, 2009 I remember a comment Krugman made about 9 months ago recalling his various ideas for Japan during the early nineties. The one I remember is to convince the population that strong inflation is coming... that this belief, if widely held, might cure deflation. Then, he laughed it off... uncomfortably. Curious... Did Japan do quantitative easing during the early 1990s? Link to comment Share on other sites More sharing options...
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