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Deflation: Some Considerations.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Kobayashi Keiichiro
Erroneous Assumptions in Research on Deflation Deflation has persisted in Japan for almost a decade. The consumer price index has fallen for five consecutive years since 1998, and GDP deflator figures indicate a decline in constant prices over a nine-year period since 1994. Among all the countries since World War II, Japan has the longest experience of deflation. The downward trend in inflation rates has been evident worldwide since the 1980s, arousing deflationary worries among economists in many countries. In Germany, fears have spread that the financial system could become ...
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