Japan
Deflation In Japan and its Chances in the US
by Wolf Richter • • Comments Off on Deflation In Japan and its Chances in the US
Deflation phobia broke out again. Fed governor Bullard grumbled about inflation expectations being too low and threatened to print more money, while deflationistas paint the Japanese “deflation spiral” as sheer horror. So here is my experience with that horror.
Alas, in one category, deflation has hounded us for 10 years.