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ftothe3 ,

Why is Japan such an outlier?

queermunist ,
@queermunist@lemmy.ml avatar

reuters.com/…/japans-inflation-re-accelerates-jun…

The BOJ seems to have taken a totally different approach to inflation and actually has an extremely loose policy right now. Even still, inflation has fallen.

Almost like monetary policy is irrelevant…?

thetreesaysbark ,

Hmm. Just from a cause and effect point of view, this would imply monetary policy is relevant as the country that took a different approach has had different results.

No idea if that’s true though as correlation does not equal causation.

queermunist ,
@queermunist@lemmy.ml avatar

No, the results are the same. Inflation is down across the board regardless of monetary policy.

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