Saturday, February 25, 2012

Time for action: Another set of measures to tackle deflation

http://www.economist.com/node/21547808

This article talks about how the (central) Bank of Japan is trying to boost Japan's economy. Out of the recent five quarters, the Japanese economy has shrank in four of them. The Bank of Japan has increased its credit-easing program and is aiming for a 1% inflation in order to avoid deflation.

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