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Cake day: June 15th, 2023

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  • The BoJ measures inflation to help it manage the economy. It’s not a political tool. As an individual, changes in your cost of living are personal to you. You don’t need the central bank or the government to tell you about it.

    Obviously, the BoJ isn’t focused on individuals. It wants to see what’s happening across the whole economy. Through research that is freely available, it has determined that the index provides a more reliable signal when volatile fresh food prices are excluded (because the things that typically cause these prices to change, like the weather, don’t reflect a broad shift in the economy).

    You’re wrong that energy isn’t included. That sentence is referring to a different (“core-core CPI”) index, which is higher at 4% because energy prices have gone down. Japan’s energy problems are as result of the post-Fukushima shift from nuclear, largely a result of public opinion.

    Put simply, CPI isn’t a measure of “cost of living“. It’s a tool for central bank policy.




  • It’s not being sold off. It’s an investment. Raspberry Pi has suffered from supply shortages that could be mitigated by entering into a partnership with Arm — and which would help further its charitable goals. Sales were down by more than a quarter in 2022 due to shortages.

    And Arm isn’t the only minority shareholder. Sony, which manufactures its boards in Wales, also owns a stake.

    These aren’t unusual commercial decisions to secure manufacturing and supply, and therefore maximise the dividend it pays to the foundation, while retaining majority control.