‘Japanification’ stalks the US and Europe

Financial Times/Robin Harding

Ed Stein cartoon cowboy on sail – yeehaw“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

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