The difference in inflation rates between America, Europe, and Japan is simpler than you might think, but deeper than you expect. Japan doesn't have a secret to preventing inflation. It simply doesn't have enough people spending. Imagine a country that is aging rapidly. There are fewer young people and more elderly. The elderly don't buy cars and do not spend much.
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The difference in inflation rates between America, Europe, and Japan is simpler than you might think, but deeper than you expect. Japan doesn't have a secret to preventing inflation. It simply doesn't have enough people spending. Imagine a country that is aging rapidly. There are fewer young people and more elderly. The elderly don't buy cars and do not spend much.