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Powerful Lords committee damns Bank of England over inflation forecasts
(www.theguardian.com)
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this post was submitted on 27 Nov 2023
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Why aren't people taking a closer look at Japan? Their inflation rate is down 929% from last year, without adjusting the cash rate.
Why is it that the EU, UK, Canada, NZ, USA and Australia all keep trying to reach the same goal of suppressing demand until unemployment is high enough for prices to fall. It's insane.
What I was basing my observation on: https://theconversation.com/japan-has-gone-its-own-way-on-fighting-inflation-can-nz-learn-from-a-global-outlier-210618
Link explaining the Japanese policy?
https://theconversation.com/japan-has-gone-its-own-way-on-fighting-inflation-can-nz-learn-from-a-global-outlier-210618
And
https://foreignpolicy.com/2023/09/14/japan-economy-neoliberalism-east-asia-washington-consensus-imf/