Is Japan in a deflationary depression? Is Japan headed for massive inflation due to the easy money policies of the Japanese government and Bank of Japan? Have the policies of these two entities set-up Japan for hyper-inflation or a yen crash?
THE BEATLES - I'M DOWN
These are the questions that so many ask, myself included, yet no one seems to know the answers.
So I set up my own Campbell's Soup Japan Inflation/Deflation/Depression Index. This is installment part two. You can read part one here.
What in tarnation is going on here? The price of Campbell's Soup and the price of eggs is crashing.
What in tarnation is going on here? The price of Campbell's Soup and the price of eggs is crashing.
Here are cans of Campbell's Soup on Feb. 18, 2011
at about ¥169 a can (about $2.03 USD)
What's this?! Campbell's Soup on March 2, 2011 at ¥134
a can (that's about $1.61 can)
Well if that doesn't ring your bell, how about this egg price?
Eggs at ¥139 on Feb. 18, 2011 (about $1.68 USD)
The very same eggs for ¥129 on March 2, 2011. (about $1.57 USD)
This shows some real radical drops in price for food, but gasoline has gone from ¥128 yen per liter in this time to ¥138 yen per liter so you be the judge.
Is Japan hitting deflation or inflation?
Other readers in Japan, please comment on your experiences (also tell us where the best places to buy stuff is!)
These prices suggest deflation. Which makes me happy. Who isn't happy when prices go down?
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