Japan’s Massive Money Experiment Is Over. Now What?
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Published 2024-03-22
Read More on Bloomberg: www.bloomberg.com/news/features/2024-03-21/how-his…
00:00 - Introduction
01:14 - The Japanese economic miracle
02:37 - Bubble burst
03:18 - Decades of deflation
04:23 - Era of QQE
05:40 - Inflation comeback
06:52 - BOJ ends negative rates
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All Comments (21)
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all i heard was everythings gonna be more expensive now. in an enthusiastic voice
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Living in Japan these past 30 years is pretty pleasant though if you realised that chasing never ending growth isn't the purpose of life.
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Japanese can finally experience rising price like the rest of the world. Who wouldn't want their living cost double every decade or two.
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Hats off to Kurumi for compressing 32 years of BOJ activities into a 8 minute video....my econ professor lost me at the Asian crisis....:face-blue-smiling:
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“Since the end of WWII, Japan has been ground zero for …” I nearly spit out my tea.
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I like how this video skips why 'bubble' happened in first place, when USA were threatening Japan with sanctions and forced it to change monetary policy.
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Lived in Japan for a long time, and their economy proved that once you get to a certain level, you don't have to be constantly straining for endless growth.
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All in this video just shows that Japanese lived the best lives and now they would feel the same disappointment as we all.
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Living in Brazil, I can't understand at all how no inflation could be bad. Imagine paying the same for rent and groceries for 10 years, even if your salary din't increase at all
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Are the first few seconds supposed to be bad? Because it sounds incredible compared to what we have right now (rising prices & stagnant salaries)
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Think an economy so strong that even printing money results in deflation.
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unfortunately this video completely skips the context to the leadup of the bubble, which was political pressure from the US and the plaza accord.
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Stagnation is better than the price inflation with stagnant wages. Japan had things right, in the current world, where prices are doubling but wages are not changing. Infinite growth is impossible without infinite resources, Japan was being pragmatic, now they have lost their way.
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he says 'no inflation makes people attach a product to a certain price'. Well I live in a country with inflation and I do that. You can hear it around 'it used to cost only this much'. Everyone does that. I feel like it's human to attach stable values to things that don't change. That makes inflation so weird, because it's one of those human constructs that runs counter to human nature.
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I'm from Venezuela, I'm blown away... almost 3 decades living with inflation, 2 presidents and more than 5 changes on currency
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I was just in Japan for a month and couldn't believe how cheap it was. A water at Disneyland 200 yen which is $1.30. Super reasonable. Lodging and food was also super affordable
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BOJ still printing money (buying JGBs). That's why bond and FX markets ignored this rate hike. Central banks cannot fix real problems (demographics) and actually make some things worse (income inequality). Time to stop worshipping the printer and focus on making smart long-term decisions.
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Now Japan can experience the joy of rent doubling every few years. Woohoo!
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A place where prices remain the same is what I call paradise!
