Tagged with: Deflation
Japanisation
Michael Burke 26/09/2011
Michael Burke: There is a widespread discussion in the US financial press and beyond on whether the economy is facing a prolonged period of economic stagnation including bouts of deflation. It has been dubbed ‘Japanisation’. After the stock market and land price bubble burst in Japan in 1989 the economy went into a prolonged depression. In …
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