> At some point, you need to sell and get your local currency in exchange.
But ultra rich people actually don’t. They can just incur debts using their wealth and use that instead.
1,459 karma · joined January 19, 2021
But ultra rich people actually don’t. They can just incur debts using their wealth and use that instead.
Adequate inflation is also a sign of a growing economy. In Japan's case, Japan had full employment for over 20 years and they had no inflation for over 40 years. So no, I don't think curbing potential mass-unemployment was in their reasoning when they had decided to start QE in 2016.
> Inflation allows companies to effectively cut everyone's wages by x% instead of firing x% of workers.
I guess? but only because inflation often is related weaker currency, which increases export (making companies richer). This works for export-led economies like SK and Japan but their export growths are slowing down.
> So the question is 1. are they right that there would be large scale layoffs absent the inflation? and 2. Is it better for everyone to get a pay cut or some people to get laid off?
Well you already have your answer. There has been no mass layoffs absent inflation for a long time.
I had wondered just how long could BOJ keep their rate while US fed is now 4.5% and is signalling going up to 5% by the end of next year. As a result, the yen was getting weaker day by day and annual inflation was 3.7% in November.
Inflation was what the Japanese government wanted and they've finally got it. But the problem now is that while the Japanese companies have been getting richer thanks to weaker yen, the wage has not been gone up to match the inflation resulting in the PM asking for firms to raise the wage. [1] Without the wage raise, this series of events has made the average Japanese citizen effectively poorer - and obviously people aren't too happy about it. I'm guessing this factored into making this decision.
[1] https://www.japantimes.co.jp/news/2022/10/04/business/econom...
EDIT: Looking more into this, this move was kinda signalled in the September meeting.
> Broadening price rises in Japan prompted some central bank policymakers to warn last month that inflation may overshoot expectations, highlighting the challenge Bank of Japan Gov. Haruhiko Kuroda faces in justifying ultralow interest rates.
> One board member went as far as saying *the BOJ must eventually communicate an exit strategy* from ultraeasy policy, a summary of opinions at the September meeting showed. [emphasis mine]
https://www.japantimes.co.jp/news/2022/10/03/business/boj-in...
I'm sorry you are having problems collaborating with {name}. I can see how {name}'s behaviours like {example} can make you feel {feeling}. Maybe you could try out {3 examples from a random Medium article}. I will also create a {some ceremony} meeting so we can talk how we can all be better aligned in the future.
They’ve literally murdered people in DMZ and have sent special forces multiple times to assassinate presidents. Not to mention artillery fire on a village fairly recently.
Nowadays no one thinks NK could invade but it was certainly a plausible threat until 80s.
As a Korean who used to read webtoon since the very start, this is what I feel these days too. There are more webtoons than ever, but they are all so generic.
I disagree. A lot of Korean viewers never even touched the ranked online multiplayer when BW was mainstream esports. Heck even my dad watched it.
It was pretty much the same as SC2, they just never told you in the UI. e.g. Dragoons do half damage to mutalisks. Yamato cannons don’t kill zealots.
Yeah ideally, I agree that some competition might be good to keep US in check. Chinese Yuan seems most likely at this point.
But I think the world would be in a “worse” place when the break happens. Purely due to geopolitical instability and all the second order effects that is bound to happen when US hegemony ends.
https://www.ukft.org/hankyu-great-british-fair-2021/
Another fair ran by department store this year:
https://www.mistore.jp/shopping/event/nihombashi_e/british_5...
I’ve never been to one so maybe looking up Japanese YouTubers might be your best shot for this topic.
Yeah but I find it weird that the meaning of kaizen is now different in that specific lean or whatever context when kaizen just means improvement in Japanese.
Come to think of it, There are many English words that Japanese people use that now mean something different, so I guess it’s just how things are :p
I think I’m just annoyed at these types of articles that puts Japanese words everywhere they can.
Not quite but there is a fair bit of interest in UK culture to a point where there are “England fairs” in department stores and malls time to time.
That being said I’m also kinda sick of people using Japanese words instead of direct translation for some reason. Kaizen and Ikigai comes to mind.
You say you didn't pick up meditation again but what you describe sounds like meditation to me :p
The meditation guide I use always assumes that my mind will be wondering off and gently reminds me to come back to focus, just like you've been doing by yourself!
It feels surreal to come across someone who was responsible for something I hated so much back then. But now I’m just fascinated for some reason. I’d buy you a drink if I could :p
I have a high baseline anxiety and pretty much no memory of anything pre 8 (except for very small fragments). When I’ve come across amnesia part while reading “Body keeps scores”, it frankly frightened me (and still does) of what might be lurking in my past.
At the time, almost every conversation at work kept devolving into property (oh and crypto lol) which was annoying. And what was even more annoying were people who bought that were _convinced_ that they had got a good deal, lecturing me I should buy as well.
I ended up leaving the country for better pay, lower housing cost and good amount of savings to last me a while . I hope in 2 or so years when we go back, the prices are more reasonable.
But you will survive longer than not having those savings at all. Or even worse, having debt. The extra burn down maybe the difference between accepting a shitty job or being able to look around for a better one.
I've recently experienced a family emergency and I was glad I was in position to fork out hefty some of money without even thinking about it, thanks to saving agressively.
> And if I wanted to launch some business in the near future, I doubt such an amount of money would take me very far.
Again, at least you will have _some_ run way to try something different. Savings give you options.
I feel like what you are doing is reasonable. Once you have savings (and arguably you already do), maybe take a big adventure!
Hah I got a similar advice. My father even got his friend who graduated with a CS degree to tell me not to get that degree which managed to convince me at the time. I still ended up as an engineer though :)
> A broken system is very unlikely to ever produce correct results.
I agree there are plenty of net positive regulations made by good systems _at the time_. But it’s not producing good regulations _now_ and is very resistant to change.
I’m from New Zealand.
Oh yes absolutely. The number of $100 bills are more than $1 bills and less than 20% are in circulation inside US [1], meaning significant portion of that is being used for shadow economy. I am pro cash, but the US could probably print less $100 bills. Of course, there is also other currencies, financial instruments and crypto that can be used instead of $100 bills.
> Maybe in the end it will be better to have this shadow world.
It's hard to tell, but we do know that forcibly trying to remove the shadow economy is extremely tough on normal people while bigger players are already diversified with alternatives (gold, crypto, other currency) to have much impact. See India for recent example [2].
[1] https://www.washingtonpost.com/business/2019/03/04/there-are...
[2] https://money.cnn.com/2017/01/04/news/india/india-cash-crisi...