So it followed naturally that my second administration should prioritize getting rid of deflation and turning around the Japanese economy. Let's say that I have set the priorities right this time to reflect the concerns of the people, … [...]
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News Summary: Japan March CPI falls as deflation drags on; central bank keeps policy intact DEFLATION : Japan's consumer price index fell 0.9 percent in March from a year earlier, underlining the challenge of ending a long … [...] Japan's CPI falls 0.9 percent in March as deflation drags on; central bank keeps policy intact TOKYO (AP) — Japan's consumer price index fell 0.9 percent in March from a year earlier, underlining the challenge of ending a … [...] The fact is that monetary easing and deflation can go hand-in-hand for a long period of time. The economic situation of Japan over the last couple of decades clearly shows this. Japan was the inventor of the modern version of … [...] St. Louis Federal Reserve President Bullard Wednesday told an audience at the Hyman Minsky Conference in New York that it is “too early” to worry about deflation . That statement must hit most readers of this column as … [...] Are the markets signaling deflation ahead? Japan is trying its high-risk experiment to inflate. While the efforts seem to be working initially with the yen collapsing and Japanese equity markets soaring, there is growing concern … [...] Yields on the 10-year Japanese bond have stayed steady below the 2% marker since the turn of the century, with anemic economic growth, worsening demographics, and deflation having justified such low yields. However … [...] |
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The Economics Forum 21: The Minsky Moment: How Paul Krugman …
A ” Minsky Moment” in which both the lender (“patient capitalist”) and the borrower (“impatient capitalist”) finally realise that theirs is sheer “speculation” and that the “profits” they anticipated from production are not going to materialise …. But Krugman simply “has” to confront this problem – and he does, as we saw, when he acknowledges that “debt-deleveraging” (or Fisherian debt- deflationary ) “shocks” occur when our dear “patient and impatient” capitalists “suddenly … [...]