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 … [...]
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It has been hardly four months since Japan elected Shinzo Abe as prime minister, yet market participants have clearly placed their bets behind Mr. Abe's plans to resuscitate Japan's economy from the grip of deflation and slow … [...] The newly installed governor of Japan's central bank said Thursday that he plans to do whatever he can to end deflation and break the economy out of the doldrums. The Associated Press … [...] Japan said Friday that its chronic deflation persisted in January, with consumer prices falling 0.2 percent from a year earlier, though the employment situation showed a modest improvement. The Associated Press … [...] But Kuroda has defended the yen's fall as a “natural correction” after hitting a record high of around 75 to the dollar in late 2011, while deriding Japan's chronic deflation as “abnormal”. Years of falling prices in Japan have … [...] We should not read too much in one data-point. But we also should take it serious: there might well be some kind of deflation shock in Japan . Which adds some background to the aggressive reflation policies proposed by … [...] Minsky's concept, developed nearly a half century ago shortly after the explosive decoupling of the dollar from gold in 1971, was primarily a cyclically contained model that acknowledged recession and then rejuvenation once the system's leverage had been reduced. …. (1) Position for eventual inflation: The end stage of a supernova credit explosion is likely to produce more inflation than growth, and more chances of inflation as opposed to deflation . In bonds, buy … [...] |
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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 … [...]