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Japan returns to deflation brink
By Kosuke Takahashi
TOKYO - The impact of the global slowdown on Japan's exports is raising fears that the world's second-largest economy faces a return to the debilitating effects of the deflation that hamstrung the economy after the collapse of an asset bubble economy in the early 1990s.
Japan's economy slipped into recession in the last quarter for the first time in seven years. Declining demand at home combined with an inflow of cheaper goods from abroad triggered by the recent rapid appreciation of the yen, could drive down prices into the feared deflationary spiral.
http://www.atimes.com/atimes/Japan/JL02Dh01.html free trade is more complicated than most think. if the american dollar goes into free fall, it will change everything. |
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