Recently the BoJ issued a clarification of its understanding of “price stability.” Basically, they have spelt out that they desire the yearly change in the CPI to remain between 0% and 2% with most of them believing an ideal rate to be around 1%. Emphasis has been placed on their intolerance of deflation or even [...]
Tue, December 29 2009 » Economics, Japan » No Comments
Recently a few of my friends came to my house and we indulged ourselves in watching several of the two parter episodes in The Next Generation. The sheer quality and rigorous portrayal of deep, complicated issues and events is really without parrallel. Some of the episodes really fire on all cylinders, with simultaneous handling of [...]
Thu, December 24 2009 » Uncategorized » No Comments
Thu, December 17 2009 » Economics, Japan » No Comments
Colourful use of language and excessively dramatic accusations in the following are intended to provoke thought, not to be over-literally interpreted. My wireless network has no password. I am amazed that those who champion individual freedom the most are often the most paranoid in “securing” themselves from threats (mostly entirely imaginary and the rest unstoppable [...]
Wed, December 16 2009 » Solidarity » 1 Comment
Building on my previous post I adjusted the per capita outstanding Bank of Japan banknotes and coins for the change in the Japanese CPI. In theory at least, this gives a raw measure of real per person purchasing power. You could argue that this should be a proxy for growth, real wealth or something similar [...]
Tue, December 15 2009 » Economics, Japan » No Comments