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> From: [email protected]
> Inflation has risen more sharply, from near zero at the end of 2012 to over
> 2% now. That would be positive were wages keeping pace and contributing to a
> revival of consumer spending. But it represents a significant fall in real
> wages for those workers, probably a majority, whose wages have been stagnant
> or falling.
>
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Given the average square footage of a residence in Japan, how much more stuff
can they buy? Even if we think of the issue in terms of 'the service economy'
or 'the experience economy', how much more can they buy. I ask as someone who
used to live there.
E.
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