August 24, 2012

Price declines have impacted Japanese economy as fiscal conditions worsen according to reort

"Price declines have sapped the momentum of the (Japanese)economy and prompted lawmakers to call for more aggressive monetary easing by the Bank of Japan..."Japan's fiscal conditions are worsening seriously and if we leave this problem as it is, concerns about the country's fiscal sustainability will mount and may cause extremely adverse effects on the economy and the Japanese people's life," the guideline said."

Source: Government foresees deflation end even though prices are still falling
Bloomberg
Saturday, Aug. 18, 2012

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