December 20, 2012

Japans deflation helps retirees preserve their wealth but younger generations only see falling wages

"..Japan's entrenched deflation helps retirees preserve wealth, younger generations are hit by falling wages and diminished incentives for borrowing crimp growth"

Source: Abe has deflation in cross-hairs
By Toru Fujioka
The Australian Financial Review
Wednesday 19th December, 2012, page 31

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