Inflation: The Japanese Model

Check out the accompanying pdf and chart collection. (1) Something very Zen about Japan. (2) Japan’s population is shrinking and aging rapidly. (3) Japanese government debt at 220% of GDP. (4) Flat nominal GDP for 24 years. (5) Prolonged period of deflation. (6) Japan has been doing MMT for at least a decade. (7) Used car prices soaring. (8) Missing chips. (9) Soaring home prices could soon boost rents. (10) PPI inflation rates heating up some more in US and Asia. (11) CPI inflation rates remain subdued in US, Eurozone, and Asia. (12) Extreme alternative inflation scenarios: Japan now vs Germany from 1921-23.