US High School Economics class: Japan struggles to adapt to an era of rising prices
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Economic Indicators
Click to read the article below and then answer the questions:
Japan struggles to adapt to an era of rising prices
Why did Japanese consumers change their vegetable purchases?
How do wage increases compare to the change in consumer prices? What does this mean is happening to real wages?
Why does saving during a deflationary period make sense?
Why do you think it is difficult for Japanese consumers to alter their expectations regarding prices and change their spending habits quickly?
What is the “virtuous cycle” that the BoJ wants to happen? Is it happening?
Ariel Slonim at MRU’s Econ in the News
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