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Hahaha plenty of rich Japanese around the world.

Deflation trap costs on the Japanese (theoritical): Reduces growth and flow through effects to standard of living: Consumers/investors have less activity because they know their dollar will purchase more tomorrow. They enjoy a very high standard of living already though, but they've...

Population - and a deflation trap that they've been in for the better part of two decades. Very good modern story on the dangers of deflation. Can understand the advanced economies fear of it by looking at Japan as an example.

Hmm interesting theory. I think it may be one factor in it. Regulations on foreign purchases may be a big point of difference between countries.

MarkB do you know much about how the RBA's rhetoric during previous upturns in the housing market (early 2000s)? Agree that talk wont really slow much down.