Japanese Chemical Trader blog

Japan Chemical Trading Blog

Prime Minister Abe Dissolved the House of Representatives and Called a General Election

A new election!

It seems difficult to bring down the Liberal Democratic Party led by Prime Minister Abe on the issue of postponing the second consumption tax increase.

However, as was repeatedly mentioned in this weblog, the profligate binge of public spending will eventually lead to inflation.

An inflation rate of 2 percent per year, the aim of Prime Minister Abe is, indeed, ideal, but my concern is the risk of hyperinflation.