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.
http://www.bloomberg.com/news/2014-...lation-as-growth-plan-confronts-skeptics.html
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.
- Forums
- Economics
- Euro-Zone Deflation Risk Remote, Says ECB
Euro-Zone Deflation Risk Remote, Says ECB, page-5
-
- There are more pages in this discussion • 704 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)