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15
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What two massive forces broke Japan’s deflation cycle?
The COVID-19 pandemic ( the lockdown in 2020) and the Ukraine war- How large is Japan’s national debt compared to its GDP?
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15
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Why Japan’s Economy Is at a Tipping Point?
Because Japan is shifting from long-term deflation to rising inflation, creating both opportunities and risks.
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thief
Give points!
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25
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fairy
Take points!
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25
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rocket
Go to first place!
Okay!
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thief
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25
15
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What kind of policy did the Bank of Japan use to fight deflation? (related to money, interest rates, central banks)
Monetary policy
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banana
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star
Double points!
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gift
Win 15 points!
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lifesaver
Give 25 points!
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boom
Lose 50 points!
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rocket
Go to first place!
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fairy
Take points!
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25
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lifesaver
Give 25 points!
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15
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Which word means “deeply fixed and difficult to change”?
entrench
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15
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What phrase is used to describe the increase in ice cream prices?
price-hike = an increase in price
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15
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What major economic change is Japan experiencing?
Inflation and Deflation
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15
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Why did Japan “import inflation”?
Japan imports most of its energy, so higher global prices raised costs
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15
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How does inflation change people’s mindset in Japan?
People accept that prices will rise and adjust their lifestyles
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15
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What product increased in price by 10 yen?
Ice cream
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