I can't quite wrap my head around if inflation is terribly bad in this situation. Certainly the Japanese government has been trying to introduce inflation, but the yen has stubbornly stayed pretty high. However, personal debt here in Japan is in a completely different situation than in the US. I wonder if the US is kind of caught between a rock and a hard place. I'd love to hear from someone who understands this stuff...
That Japan doesn’t suffer from inflation is purely an illusion. Rent has been going up, fuel prices have gone up, the volume of stuff you can purchase inside a container had actually declined. Drinks in tetrapaks, foods in packages, etc have all decreased in volume. We’re paying the same amount but getting less as the years have gone by.
