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And its problems ran deeper than weak demand and deflation.
Large push-in valve allows for rapid inflation and deflation.
"[I]nflation is unjust and deflation is inexpedient," he wrote.
And deflation itself undermines the effectiveness of negative rates.
Currency depreciation is impossible and deflation is painful.
Output is falling rapidly and deflation is deepening.
The economy is sagging and deflation is spiralling.
Growth seemed to stall out, and deflation became a concern.
Subsequently, the economy dropped back into recession and deflation.
The economy failed to recover and deflation set in.
Japan is once more flirting with recession and deflation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com