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  • Which word means “deeply fixed and difficult to change”?
    entrench
  • What phrase is used to describe the increase in ice cream prices?
    price-hike = an increase in price
  • 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.
  • 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?
  • Why did Japan “import inflation”?
    Japan imports most of its energy, so higher global prices raised costs
  • What kind of policy did the Bank of Japan use to fight deflation? (related to money, interest rates, central banks)
    Monetary policy
  • What product increased in price by 10 yen?
    Ice cream
  • What major economic change is Japan experiencing?
    Inflation and Deflation
  • How does inflation change people’s mindset in Japan?
    People accept that prices will rise and adjust their lifestyles
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