Prime Minister Shinzo Abe said the deflation that wiped out much of Japan’s growth the past 15 years and so stunted the economy that it slipped to No. 3 behind China, has ended and will be thwarted by new government policies designed to encourage business expansion.
Abe has declared an end to deflation in Japan. But we've heard that for more than a decade now. Japan are not the first nation, and certainly won't be the last, to misread and dismiss deflation. Abe appears to be premature in his announcement.
