Japan inflation rises to 2.5% in May

Come on, let's live dangerously and include fresh food and energy in the inflation figures,eh?

Is that decimal point right? I could bring quite some examples of 25% or 250%. This hyperinflation plus the weak currency effects strike me soon nearly dead!

Wage growth is a key factor for the BoJ's policy decisions, as it seeks a "virtuous cycle between wages and prices".

Patently and demonstrably false like all the other tenets of "New Capitalism".

The monetary easing policy has only increased capital gains and left stagnant wages and has not created any of these babblespeak virtuous cycles for the working public. It is just neo-liberal trickle down with a new name and game.

https://www.theguardian.com/business/economics-blog/2016/sep/28/quantitative-easing-qe-pernicious-effects-favour-wealthy-tax-middle-class

Sick and tired of having to always head straight to the discount shelves as soon as I go into a supermarket.

I've been telling my Japanese friends for some time now that they need to hedge against a weakening yen by owning US tech shares, gold, US dollars (160 yen looks likely today). They are so trusting after a lifetime of brainwashing and think everything will work out in the end. The brutal truth is that the Japanese government doesn't care and is not going to help them.

BoJ continues to do nothing as usual. Consumers suffer.

It is just neo-liberal trickle down with a new name and game.

sick of seeing such drivel suggesting Japan is doing anything remotely neo-liberal.

It’s big government central planning here, and that’s the problem.

Shrinking GDP, stagnant wages despite chronic inflation and a rapidly aging populace with no plans to reform.

What could go right?

It's not so bad! UK back from over 11%, back down to 2.5% last month and 2% this month!

Even when it was 135 yen to a pound, visiting Japan prices seemed reasonable.

Japan did a pretty good job to ward off the deep state globalist economic and energy policies to drive up energy, inflation and prices, but has succumb to it. It was only a matter of time. The global powers should be doing everything to lower inflation, costs of living, and energy.

Doing a simple math, 2.5%*12=30%.

30% yearly inflation. Nice. Basically in 3 years and a couple of months you'll have 100% inflation, meaning that with the same salary, which probably won't get raised any time soon, you will have to pay DOUBLE for everything. Is just simple math. Already the prices are double or more to some products compared to 2020, so...

Doing a simple math, 2.5%*12=30%.

Not how it works. 2.5% is the inflation per year, not per month. They compare the price index of this year's May to last year's May.