Wednesday, November 9, 2005

Don't Speak To Soon

Don't Speak To SoonI have been arguing continuously for some months now that Japan might not escape the deflation trap so easily as some seem to imagine. Today there are two pieces of news which should at least give the 'optimists' some pause for thought.Firstly the news that Japan's economy most likely slowed in the third quarter, with one of the principal explanations being the lack of dynamism

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