Japan. The Yen. The Hyperinflation.

[becoin]

Japan - Land of the Rising Sun Hyperinflation. Has the hyperinflation roller coaster in Japan already started?

[mcgravier]

No

[Hawker]

Japan - Land of the Rising Sun Hyperinflation. Has the hyperinflation roller coaster in Japan already started?

After over 20 years of stagnation and deflation, the Japanese are trying to get their economy going again by printing money.  If it works, guys like Krugman and Summers will be vindicated.  If it fails, the austerity brigade will be vindicated.

It will be an interesting couple of years...

[myrkul]

Japan - Land of the Rising Sun Hyperinflation. Has the hyperinflation roller coaster in Japan already started?

After over 20 years of stagnation and deflation, the Japanese are trying to get their economy going again by printing money. 

Japan is the world's largest creditor nation, generally running an annual trade surplus and having a considerable net international investment surplus. As of 2010, Japan possesses 13.7% of the world's private financial assets (the 2nd largest in the world) at an estimated $14.6 trillion. As of 2011, 68 of the Fortune 500 companies are based in Japan.

Am I missing something here?

[World]

Japan - Land of the Rising Sun Hyperinflation. Has the hyperinflation roller coaster in Japan already started?

After over 20 years of stagnation and deflation, the Japanese are trying to get their economy going again by printing money. 

Japan is the world's largest creditor nation, generally running an annual trade surplus and having a considerable net international investment surplus. As of 2010, Japan possesses 13.7% of the world's private financial assets (the 2nd largest in the world) at an estimated $14.6 trillion. As of 2011, 68 of the Fortune 500 companies are based in Japan.

Am I missing something here?

http://www.forbes.com/sites/jamesgruber/2013/03/23/japan-is-the-real-crisis/

[myrkul]

http://www.forbes.com/sites/jamesgruber/2013/03/23/japan-is-the-real-crisis/

So, anyone want to place bets as to which currency gets to the "Cheaper to use directly as toilet paper than to buy toilet paper" stage first, the Dollar, the Euro, or the Yen?

[fredtrader]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

[myrkul]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

Yet.

[fredtrader]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

Yet.

No central bank will allow high inflation, the reason central banks gained a degree of autonomy was so that governments couldn't use it to print money for public finances and they could keep to a relatively strict inflation regime.

[townf]

Japan - Land of the Rising Sun Hyperinflation. Has the hyperinflation roller coaster in Japan already started?

After over 20 years of stagnation and deflation, the Japanese are trying to get their economy going again by printing money.  If it works, guys like Krugman and Summers will be vindicated.  If it fails, the austerity brigade will be vindicated.

It will be an interesting couple of years...

Thru dat. What's also interesting is that it will probably ramp up the global race to the bottom with many other countries having to devalue their currencies to keep up with Japan, if they're not doing it already. Get ready for precious metal to go up again, along with groceries. They'll keep trying to manipulate metal down, but not groceries though.

[townf]

http://www.forbes.com/sites/jamesgruber/2013/03/23/japan-is-the-real-crisis/

So, anyone want to place bets as to which currency gets to the "Cheaper to use directly as toilet paper than to buy toilet paper" stage first, the Dollar, the Euro, or the Yen?

I hope it's dollars. I have more them than the others.

Also, a word of advice, wad up and unwad the bills repeatedly before wiping your ass. They're softer and more absorbant that way.

[myrkul]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

Yet.

No central bank will allow high inflation...

You sure about that?
https://en.wikipedia.org/wiki/Reserve_Bank_of_Zimbabwe

[townf]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

Yet.

No central bank will allow high inflation, the reason central banks gained a degree of autonomy was so that governments couldn't use it to print money for public finances and they could keep to a relatively strict inflation regime.

They are actually trying to create high inflation. People freak when they hear that, so that's why they come up with a bullshit target like 2% for us to calm ourselves with. It's already way higher than that. Inflation is hard to contain once it starts anyway, you can't just turn it off.

[fredtrader]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

Yet.

No central bank will allow high inflation...

You sure about that?
https://en.wikipedia.org/wiki/Reserve_Bank_of_Zimbabwe

You can't compare Zimbabwe to a country with an independent central bank.

[townf]

http://www.forbes.com/sites/jamesgruber/2013/03/23/japan-is-the-real-crisis/

So, anyone want to place bets as to which currency gets to the "Cheaper to use directly as toilet paper than to buy toilet paper" stage first, the Dollar, the Euro, or the Yen?

I'll bet you dollars that it is either yen or euros!

[fredtrader]

All major currencies maintain inflation at around 2%. There is no hyperinflation in Japan, Europe or the US.

Yet.

No central bank will allow high inflation, the reason central banks gained a degree of autonomy was so that governments couldn't use it to print money for public finances and they could keep to a relatively strict inflation regime.

They are actually trying to create high inflation. People freak when they hear that, so that's why they come up with a bullshit target like 2% for us to calm ourselves with. It's already way higher than that. Inflation is hard to contain once it starts anyway, you can't just turn it off.

There are quite detailed statistics available for inflation, you can see by how far they miss or make their target. Look at either the CPI, RPI or GDP deflators.

[myrkul]

http://www.forbes.com/sites/jamesgruber/2013/03/23/japan-is-the-real-crisis/

So, anyone want to place bets as to which currency gets to the "Cheaper to use directly as toilet paper than to buy toilet paper" stage first, the Dollar, the Euro, or the Yen?

I'll bet you dollars that it is either yen or euros!

[townf]

There are quite detailed statistics available for inflation, you can see by how far they miss or make their target. Look at either the CPI, RPI or GDP deflators.

Check this one out:
http://www.shadowstats.com/

Also the CPI is made by roughly doing things like comparing the price of a new york strip 10 years ago to the price of donkey meat today.

[fredtrader]

There are quite detailed statistics available for inflation, you can see by how far they miss or make their target. Look at either the CPI, RPI or GDP deflators.

Check this one out:
http://www.shadowstats.com/

Also the CPI is made by roughly doing things like comparing the price of a new york strip 10 years ago to the price of donkey meat today.

Use a different measure then such as the GDP deflator which is based on consumption patterns. Any measure of inflation you make will have its flaws but they are roughly accurate.

[myrkul]