23/11/2023
However, if we dig deeper, everything will seem even more paradoxical. Suffice it to say, for example, that the current Prime Minister of Japan, Shinzo Abe, was elected and re-elected thanks to his promises to start inflationary processes in the country. Yes, you didn't think so: you read that right. After more than two decades of falling prices (deflation) and economic problems, Japan's leader promised to end deflation, calling it one of the most effective tools for restoring the health of a nation's economy. To anyone who lived through the inflation in America in the 1970s, or even read about those difficult times, the promise of a responsible government to raise inflation - as well as the fact that it was heavily censured for not keeping that promise! - will seem odd, to say the least. This book will tell you about inflation, deflation and many other interesting developments in Japan over the last twenty years.