Despite a decline in the value of the Japanese yen, the Producer Price Index (PPI) in Japan continues to indicate a deflationary trend. In other words, the prices that producers receive for their goods and services are still experiencing a decrease, despite the currency’s depreciation. This scenario can have implications for the overall economic conditions and may raise concerns about the effectiveness of monetary policies in addressing deflationary pressures.
#recession … #BoJ Pushing on a String edition
Even though the 💴 is crashing, Japanese #PPI is still in #deflation!#fx #forex $JPY $USDJPY 🥶 https://t.co/7zgfpdxBWt pic.twitter.com/DNxzFvDtha
— Invariant Perspective (@InvariantPersp1) November 13, 2023