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Op/ed: Lessons from Japan’s struggle to recover from a post-bubble bout of deflation

By   /  Friday, November 21st, 2014  /  Op/Eds, Opinion  /  Comments Off on Op/ed: Lessons from Japan’s struggle to recover from a post-bubble bout of deflation

At its core, Abe’s decision to postpone the consumption-tax increase reflects the chaos that prolonged weak economic momentum inflicts on countries wishing to pursue more than one objective — in this case, raising living standards, curtailing the growth in government debt and breaking the private sector’s deflationary mindset.

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