Deflationary Virus Spreading Worldwide

[Dave Farber <dave () farber net>]

Deflationary Virus Spreading Worldwide
Abstract:
Toshihiko FUKUI (Chairman, Fujitsu Research Institute) argues that deflation
is no longer a problem peculiar to Japan and the whole world is starting to
see the phenomenon as it spreads across an increasingly integrated global
economy. China, which has recently seen consumer prices declining, seems to
be affecting other countries like Japan, and the government needs to work
harder to deal with deflation, even if the role of monetary policy is of
great importance, according to Mr. Fukui.

Full article at: 
http://www.glocom.org/opinions/essays/200303_fukui_deflationary/index.html

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