October 2020
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Deflation would be the stuff of nightmares for European economies …

The one modern example is Japan – where deflation ruled from 1997 to 2007. But Japan is in some ways a poor example: Japanese people themselves have funded the country's debt – and it remains a big producing [...]

Eurozone nears deflation with price rise of just 0.4% so far this year …

That is impossible when prices are falling, as the Japanese have found over the past two decades. The latest fall in inflation is therefore bound to prompt speculation that the ECB will soon come up with its own version [...]