It's As If The More Japan's Ancient Printing Press Keeps Churning, The More Prices Keep Deflating
Vincent Fernando, CFA | Apr. 30, 2010, 3:59 AM
Japanese unemployment has continued to rise, while prices continued to fall according to latest monthly data.
The nation is also maintaining the same old policy near-zero interest rate policy. The Bank of Japan said they would keep their key policy rate unchanged at 0.1%.
We probably shouldn't expect a change from this for a long, long time. Japan has kept the printing press churning for quite some time now, yet prices keep falling, even after the modest economic rebound. more