One thing I noticed in the graph I put up the other day is that the CPI less food, energy for Japan seasonally falls when the currency component of the monetary base seasonally rises (monetary base in blue, IT model result in brown and CPI data is a dotted black line):
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Micro-deflationary monetary micro-expansion?
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One thing I noticed in the graph I put up the other day is that the CPI less food, energy for Japan seasonally falls when the currency component of the monetary base seasonally rises (monetary base in blue, IT model result in brown and CPI data is a dotted black line):