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The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Original Article: "How the BOJ Created "Noninflationary" Money While Ruining the Japanese Economy"
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Taiki Murai is research assistant at the Institute for Economic Policy of Leipzig University.
Contact Gunther Schnabl
Gunther Schnabl is a professor of international economics and economic policy in the department of economics at Leipzig University, Germany.