The failure to inflate Japan

Believe those who are seeking the truth. Doubt those who find it. Andre Gide On January 22, 2013, the Government and the Bank of Japan issued a rare joint statement on overcoming deflation and achieving sustainable economic growth. The purpose of the statement was to introduce a two percent inflation target. It was issued jointly to emphasize that the monetary and fiscal authorities could be expec

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For the rate of inflation to rise, one of two things must happen: [1] the growth rate in the supply of nominal government debt must rise; or [2] the growth rate in the demand for government debt must fall.