Thanks for that, wasn't actually sure on the specifics since I'm not from Japan. Why would it do so much damage to these employers? Why can't they just increase the cost of their goods?
If my income goes up by 10% and my expenses go up by 10%, am I better off or worse off?
If I had savings, I'm probably worse off. (Yes, I may get more interest going forward, but that won't make up for the value lost by my principal.) If my taxes go up by more than 10%, I'm worse off.
Are you arguing against inflation?
Because that's not what were talking about. Given that inflation is the goal, why is the answer always to give a lot of money to those who are well off vs. increasing the wage for the bottom end?
