“In reality, deflation hasn’t been bad for Japanese consumers, said Nomura’s Miyairi, who studied under incoming central bank chief Ueda at the University of Tokyo. At a 100-yen store—the equivalent of a dollar store in the U.S.—you can find really nice stuff, and the quality and amount you can get improves every year, he says.“
This might be the first time I read an economics site admitting that deflation might not be the scary thing it’s so often portrayed as for whatever reason
https://www.barrons.com/articles/stocks-poised-to-rise-851020ac
@noiob Indeed, but that’s not the only factor (de)incentivizing investment. Higher profit margins is a good promise, but gross profits can also be increased by optimizing the supply chain, increasing your demand, diving into new sectors, etc. As I understand it, it just removes the obvious, easy way for profit ‒ which is indeed a big one… but clearly, society can still keep moving anyway, or at least it has so for a bunch of decades over there