Japan Has Had NO INFLATION for 25 YEARS? Inflation Nation - Part 3

Part 1:    • Why is Inflation Growing in Turkey? Presid...   Part 2:    • Inflation & Economic Growth in India: How ...   We’re surrounded by information, content and news. Everywhere, all the time. The human mind can only meaningfully absorb a handful of new facts about the world. mymoneykarma’s insights team selects just the bits of news from the finance world that you should know about, things that you can actually do something about right now. Subscribe to our channel so you don’t miss out on our daily updates. If you’re interested in learning more about practicing Intelligent Finance in your daily life, why not get started with this video here    • REVEALED: 3 Insider Secrets The Banks Won’...   What is mymoneykarma? This channel is dedicated to simplifying the concepts and best practices of Personal Finance through explainers, FAQs, tips, and educational material. We empower viewers to each become a paragon of Intelligent Finance. Founded by a group of Stanford alumni with a strong background in banking and technology, MyMoneyKarma has been revolutionizing the Indian Fintech sector and ushering in the future of personal finance. Committed to a social mission of creating a measurable impact on people’s lives, MyMoneyKarma has empowered millions of people to reclaim control over their finances by addressing the 3 biggest issues and barriers in the sector: Low financial literacy means most people applying for loans, mortgages or credit cards have never checked, nor heard of, their credit scores. By this time, the damage has often been done Low information transparency means it can be difficult to know the best interest rates for each customer’s unique profile, the financial providers that offer the best terms, and how to maximize one’s chances of being approved (where a rejection further worsens the credit score) High effort and hassle means one is too hard-pressed to shop around, try multiple options and find the best fit, instead ending up with sub-optimal decisions and a whole lot of wasted time and sweat MyMoneyKarma’s fully online loan optimization technology helps customers with an extensive range of financial products, delivering the lowest interest rates and comprehensive service at the touch of a button. Apply for a Home Loan @ https://www.mymoneykarma.com/home-loa... Get your Credit Score worth Rs. 4300 for Free @ https://www.mymoneykarma.com/credit-s... ______________________________________________________ Get to know and Follow us: Facebook   / mymoneykarma   Linkedin   / mymoneykarma   Instagram   / mymoneykarma   Twitter   / mymoneykarma   Transcript: In part 1 of this series we looked at Turkey's spiralling currency woes. In part 2, we looked at India's balance between economic growth and inflation, in order to look ahead to 2022. In Part 3, we close the finance roundup on inflation by putting the spotlight on another curious anomaly in the world economy: the curious lack of inflation in Japan over many decades now. Even when import costs rise, and cost of materials increase, Japanese companies don't pass on costs to consumers by raising prices. Last month, Kuroda Haruhiko commented on this unique aspect of Japan, attributing it to habits picked up during their periodic bouts of deflation. But the crucial factor is instead a lack of consumer spending. Private spending fell in Q3 this year, and is now 3.5% below what it was in 2019. Spending on durable goods in Japan has been flat for the past 8 years. So which is it? Are firms reluctant to raise prices, hence controlling inflation? Or is spending flat? Look at the NGDP graph of Japan, a graph that stuns any macroeconomist studying the history of GDP. There is near-zero growth over the last 25 years. The population of Japan has also been constant over this period, that means per-capita GDP has stayed the same since 1996. Imagine no increment in your salary. For 25 years!