Thing is Saturn that there is Japan's example which has some peculiar reasons for being in the position it is in. However there are also a host of other countries where inflation has reset the prices and inflation has been rampant. Makes no difference what product you talk about, property included tho, where the debt owing has been devalued. South Africa over the last 3 decades is a prime example. Even here our official rate and real rate of inflation are being played with. Using Japan negates inflations effect on many other countries and whilst deflation is the bigger threat Bernanke and co will have policy geared to inflation well before that happens.
