I recently read the book "The Inevitable World of Inflation.


I am washi artist Hiroya, who has been introducing more and more books on my blog lately. The reason why I have so many book references is because it is a book that I think I should tell you all about now.

I believe that we are now at a stage in the world where we are entering an era of great change. I think it is important to do one's daily work, but I would like to see a world in which each person can live an independent life, trusting in himself/herself without relying on the government or companies.

It would be better to write about Washi accessories, but one of my policies is to live "now" to the fullest so that I can move myself and the world in the right direction in the future. Therefore, when I feel the need to introduce a book I have read, I can't help but do so.

Following the last book, I think this one will be quite informative in terms of understanding the world in the future. I wonder what the world would look like if I could read and understand these books from my early twenties and be able to make use of my money. Spending money is totally different from making the most of it, isn't it?

Now, without further ado, let me introduce the important contents.

Atsuto Sawakami, author of "The World of Inevitable Inflation

  •  We should not rejoice and say, "Finally, we have achieved the 2% inflation target. This is an unexpected development and an extremely dangerous achievement of 2% inflation.
  • The BOJ, which holds a large amount of JGBs, will be saddled with huge valuation losses, which will also cause the yen bills to lose credibility due to the rapid deterioration of its financial position. This will become an undeniable inflationary factor. The decline in confidence in the yen will then lead to a weakening of the yen and a rise in import prices, which will induce further inflation.
  • Japan's finances are among the worst in the developed world. And now interest rates are rising. Japan can no longer afford to bail out banks and corporations as it did in the past. As a result, companies that have been comfortably operating in a lax business environment with zero interest rates and the ability to borrow as much money as they want are going out of business in droves. Along with that, there will be mass unemployment. It is inevitable that this will become a major social problem.
  • It is a terrible waste to have 969 trillion yen of personal money lying idle in savings and other assets. It is the world's largest sleeping asset and the world's largest waste of money. Let's raise awareness of the need to spend money and put it to work in the economy. This is not only for the sake of the Japanese economy, but also for your own sake. Of course, this does not mean that we should spend money wastefully. From now on, we should go beyond material satisfaction and spend money on mental luxury and emotional satisfaction. There are many ways to use money, such as to improve the quality of life and to enrich our daily lives.
  • We cannot leave our children with such an uninspiring society that is devoid of energy and dreams for the future. It is also the responsibility of adults.

That is all. Please read it if you are interested.

We still have more books that we would like to introduce (or should...we think we should).

We have decided on an event in August, so we will let you know soon.

Thank you for reading to the end.


Leave a comment

Please note, comments must be approved before they are published