• hexaflexagonbear [he/him]
    ·
    2 years ago

    China I assume is just absorbing prices of commodities for its citizen. Wtf is happening with Japan? They're like a neoliberal hellhole, and aren't energy independent from what I can tell. What did they do?

    • CoolerOpposide [none/use name]
      hexagon
      ·
      2 years ago

      Japan is the most sensitive economy in the world to inflation. 1.2% is time to start entering panic mode for them

      • hexaflexagonbear [he/him]
        ·
        2 years ago

        I'm not sure about that, it seems like the Japanese government has been actively trying to get inflation up, and 1.2% is still too low (at least according to the common wisdom that central banks follow). And idk, in a time of supply chain shocks and spiking energy costs maintaining <2% inflation is probably not panicking anyone.

        • CoolerOpposide [none/use name]
          hexagon
          ·
          edit-2
          2 years ago

          Let me clarify:

          The Japanese public is the most sensitive to inflation. Trends that look beyond control of the Bank of Japan are quite troubling sights, and therefore it is quite tightly managed

        • Llituro [he/him, they/them]
          ·
          2 years ago

          presumably because it's the mirror of the us. japan is still dependent on neocolonial production in the third world, only they don't actually own any of it like the us and europe do.