politics

Gov't plans to switch inflation gauge

14 Comments
By Izumi Nakagawa

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14 Comments
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If you can't get it right, just fudge the figures to make it look that way!

3 ( +9 / -6 )

Stock higher, yes. That's about it. An asset bubbke.

0 ( +2 / -2 )

Read the article before posting personal negatively biased interpretations of the article heading. The Japanese Government is going to use a different measure of inflation (already available) which takes out the energy cost component that skews inflation figures upwards due to the weaker yen. It actually makes it harder for the Government and BOJ to say that they have achieved a 2% inflation target.

4 ( +7 / -3 )

If you can't get it right, just fudge the figures to make it look that way!

Did you read the article?

3 ( +6 / -3 )

It actually makes it harder for the Government and BOJ to say that they have achieved a 2% inflation target.

Which will put more pressure on the BOJ to put more money into circulation, and increase the debt, as well, if I am reading the article correctly. Which also could trigger hyper-inflation as well correct?

Did you read the article?

Yes I did, and if anything of past history here is a guide the government has a strong tendency to change reporting tactics to make things appear better for the party in general.

3 ( +6 / -3 )

Cherry-picking the data to produce the desired conclusion? Well, it was always little lies, big lies and statistics!

0 ( +3 / -3 )

Yes I did, and if anything of past history here is a guide the government has a strong tendency to change reporting tactics to make things appear better for the party in general.

Huh? MIC have always had CPI, Core CPI, and core core CPI figures in their monthly reports.

0 ( +4 / -4 )

So many posters here try so hard to only look at the empty part of the glass they can't see that the glass is almost full of wine. If I lead them to a winery they would still tell me that there is no wine....

-4 ( +2 / -6 )

to all you complainers that dont like a weak yen get over it, the J gov certainly doesnt care if your imported Iphones Ipads become more expensive or or J wages sent back overseas isnt worth as much. this money drain is just a leach on the economy. exports not imports are what have made all successful economies in the last 100 years.

1 ( +3 / -2 )

Huh? MIC have always had CPI, Core CPI, and core core CPI figures in their monthly reports.

I was speaking in general terms not specifically. Oh and up until now it seems that the core core CPI was not figured into past reports, and will be from now on.

But without the imported energy costs being used does that not end up skewing the total numbers?

0 ( +1 / -1 )

randommanJul. 12, 2013 - 08:26AM JST

Read the article before posting personal negatively biased interpretations of the article heading. The Japanese Government is going to use a different measure of inflation (already available) which takes out the energy cost component that skews inflation figures upwards due to the weaker yen. It actually makes it harder for the Government and BOJ to say that they have achieved a 2% inflation target.

NOOOOOOOOOOOOOOO,

What it does is that it reduces the standard of living of the ordinary Japanese and increases the profits of the big Japanese multinationals because the yearly pay rise negotiations are inflation related and if there is no inflation, like there hasn't been for the last 20 years, then there is no need for a rise in the workers' basic salary, the way its been for the last 15 years.

It isn't rocket science and part of the normal course for the LDP since 1971.

-2 ( +1 / -3 )

Dog, why is it that you are determined to extrapolate this basically neutral article about inflation metrics into the implications of inflation? All they have stated is that they are going to use a measure of inflation that omits the cost of energy. Plain and simple... not rocket science.

1 ( +2 / -1 )

Plain and simple... not rocket science.

Nothing the Abe government does is "plain and simple".

-1 ( +1 / -2 )

I was speaking in general terms not specifically. Oh and up until now it seems that the core core CPI was not figured into past reports, and will be from now on.

Past reports by whom? Like I said, Ministry of Internal Affairs and Communication have been releasing three figures. What Bank of Japan and Abe was targeting was 2% for core CPI.

But without the imported energy costs being used does that not end up skewing the total numbers?

It depends on what you mean by "skew". Personally, I think core core CPI should be used to measure real inflation as opposed to other which includes elements of volatility (foreign currency market, commodity market).

1 ( +2 / -1 )

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