‘Japanification’ stalks the US and Europe
Financial Times/Robin Harding
“Policymakers around the world fear getting trapped in a Japan-like situation of permanently low inflation and interest rates, leaving them with no space to stimulate the economy when times are bad.”
USAGOLD note: “Japanification” is econospeak for disinflation with a touch of deflation – or “secular stagnation,” as former Treasury Secretary Larry Summers calls it.
Repost from 10-25-2019