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The Intelligence from The Economist

The Intelligence: The power of positive tinkering

Mar 19, 2024
25:45
Snipd AI
The podcast discusses the Bank of Japan ending its unconventional monetary policy, Florida's swing to the right, and the historical significance of sexuality in Christianity.
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Podcast summary created with Snipd AI

Quick takeaways

  • The Bank of Japan's shift from unconventional to positive monetary policy marks the end of an economic experiment to combat deflation.
  • Florida's political landscape showcases a significant rightward shift, with Trump's strong support and Democratic challenges reflecting broader US political trends.

Deep dives

Japan's Shift in Monetary Policy

The Bank of Japan recently made significant changes to its monetary policy, including eliminating negative interest rates and moving towards a positive rate. These changes mark the end of a long experiment in unconventional monetary policy aimed at combating deflation. The decision reflects Japan's economic history, stemming from the asset bubble burst in the 1980s to chronic deflation. With rising inflation indicators and wage growth, the Bank of Japan feels confident in these policy adjustments.

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