by Mike ‘Mish’ Shedlock
About that Deflation!
Despite overwhelming fears of deflation in Japan by economists, by the Bank of Japan, and by prime minister Shinzo Abe, all of the preceding forgot to get the opinion of consumers.
Here’s the real deal on alleged deflation: An increasing number of Japanese elderly are repeat shoplifters, trying to get caught, hoping to be rewarded with a two year prison sentence because they cannot get by on government pensions.
Life of Crime
Please consider Japan’s Elderly Turn to Life of Crime to Ease Cost of Living.