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Miscellaneous
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| Number of pages / Number of words: |
12 / 3122 |
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Hayami justified his 0.25% rate increase - the first for ten years - claiming that the problem of deflation (falling prices) had subsided. He also spoke too soon - prices are still falling at an annual rate of 0.5% - and he has now been forced into a humiliating U-turn. Private consumption, which accounts for 61% of GDP, continues to decline...
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Hayami justified his 0.25% rate increase - the first for ten years - claiming that the problem of deflation (falling prices) had subsided. He also spoke too soon - prices are still falling at an annual rate of 0.5% - and he has now been forced into a humiliating U-turn. Private consumption, which accounts for 61% of GDP, continues to decline...
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