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Defeating Japanese Deflation

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Defeating Japanese Deflation

After years of crippling deflation, the Japanese economy may finally have some spring in its step. The Bank of Japan, timidly but significantly, is raising interest rates. The bank has nudged (Marketwatch) the country’s benchmark rate twice since last summer, bringing it to 0.5 percent after having held it at zero for six straight years. By Lee Hudson Teslik.


By CFR, USA.


Macro Economic Policy Resource.