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How to Escape Deflation.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Mizuno Kazuo
Deflation as a Result of Market Integration Japan's consumer prices have fallen for five consecutive years since fiscal 1999. Deflation hit one year earlier in China, where consumer prices fell in both 1998 and 1999. China emerged from deflation thereafter, but then experienced a relapse in 2002, and consumer prices are now only rising at an annual rate of less than 1%. Hong Kong and Taiwan have been experiencing deflation since 1999 and 2001, respectively.
Consumer prices in Germany (not including energy, food, tobacco or alcohol) were up by 0.9% in September 2003, growing ...
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