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ECONOMY
Gentosha Shinsho / The world is being hit by soaring prices. This is not a demand-pull inflation caused by an overheated economy, but rather a cost-push inflation that causes a recession and political instability. Behind this is the historic change of the end of globalism. At a time like this, it is essential to strengthen security and increase fiscal spending, but Japan, which has neglected to do so, is now in a predicament. With the world order expected to be in further crisis, is there no other way but to build a "permanent wartime economy"? This is an all-out essay that takes a panoramic view of the history and structure of inflation and shows what the economy should look like.