0 sats \ 0 replies \ @gmd 10 May \ on: Japan: inflation shock damages wages in real terms econ
So sad, imagine losing 10% of your purchasing power, savings and income in 1 month. The BoJ intervention appears to have been extremely transient dipping yen/usd briefly to 151.8 but now we're back near 156.
Feel so bad for country full of such wonderful culture and people.
They really need to start imposing taxes and attraction fees on tourists who have run amuck now that the exchange rates have gotten so favorable.