So why has deflation persisted in Japan ? Economist Kosuke Motani of the Development Bank of Japan blames the aging population. Since the mid-1990s, Japan's workforce has contracted. [...]
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The work of Joseph Schumpeter, Hyman Minsky and Irving Fisher (see our post “AAA ratings – 10 little indians…and debt deflation – why Irving Fisher is right”) should not be ignored, as highlighted by the recent work of Steve … [...] |
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