True North Commercial REIT T.TNT.UN

RE:RE:RE:RE:US inflation cooling

[wheeloffortune]

Everything you said is complete nonsense.  Japan's unemployment rate is only 2.5%.  Canada's rate is double that and we have a 5% interest rate.  Because of the labour shortgage, companies have to pay their employees a premium salary so they don't loose them to their competitor,  Having to pay a premium salary every year so you don't loose your employees should be very inflationary, which is an argument used by the Governor of the BofC for raising interest rates, yet Japan hasn't raised their interest rates.

Big cities in Japan have housing shortages.  It's only the rural areas that are in terminal decline because nobody wants to harvest rice patties for a pittance when they can just import it from China and Thalland and make a lot more money in the big cities.  BTW people are not stupid.  They don't put all their savings in treasury bills that don't pay interest.  You say one can make the argument that they are more susceptible to high inflation, but you can clearly see they are not because of -0.10% interest rates.

colucci wrote: Comparing the Canadian economy to Japan's is ludicrous unless you`re engaging in an academic conversation, for it has no bearing in reality. The japanese economy is in terminal decline due to their increasingly aging population, a little to no immigration policy, and a refusal to upend their economic system to remain competitive in the face of foreign competition. The japanese also have an ingrained culture of buying their government treasuries bills over investing since they see it as their national economic pride even though it is paying a pittance in interest. Finally, the Japanese economy is meant to be built towards producing high-quality technological goods and Canada has at least a minimum level of industry diversification. Japan has not been competitive in the one industry they were traditionally dominant since the 1990s. Furthermore, total population and landsize are inconsequential in answering the question, except that I can argue that it grants Canada a competitive advantage over smaller nations for having access to its natural resources. One could make the argument that, because the japanese economy is on a terminal trajectory and has arguably entered a post-growth economy, which their government already willingly accepts as fact, Japan is even more susceptible to high inflation than Canada.