Japan has been fighting deflation, or falling prices, for best part of the last decade.
Japan has been fighting deflation, or falling prices, for best part of the past decade.
The Bank of Japan's role in fighting deflation and economic stagnation has hardly been impressive.
Over the past five years, the Bank of Japan has done better at this than at fighting deflation.
Japan, unlike many other Asian nations, has been fighting deflation or falling consumer prices for best part of the past decade.
The Fed has clearly been fighting deflation, not inflation, in recent years.
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Since the Democratic Party of Japan took office last year, it has been pressuring the Bank of Japan to be fiercer in fighting deflation.
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Japan has been fighting deflation, or falling prices, for many years.
An adviser to Japanese Prime Minister Abe said a statement between the BOJ and the government on fighting deflation was a step forward but wasn't enough because it didn't set a time frame.
But will the Fed's tactics of fighting deflation (which is intrinsically a good thing for creditors) through monetary inflation ignite a virulent new strain of inflation (which kills bond returns and drives down their prices)?
No, we would just be fighting deflation.
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Given all of the factors that contribute to inflation in the short run, this correlation is truly remarkable, but there are near-term deviations in times like this when central banks are fighting deflation trends actively or due to economic swings, currency changes, spikes in oil prices, or other factors.
In my view, it is deflation that Bernanke is really fighting with his QE 3program more than anything else.
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Chairman Alan Greenspan and the chairman-to-be, Ben S. Bernanke, said they were fighting an anticipatory battle against deflation.
What's become apparent is that with the Fed armed and eager to "create" economic growth while fighting a non-existent deflation, Americans will once again experience the stagflation of the 1970s.
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