US vs Japan: so far not much difference
Posted in deflation on September 20th, 2010 by Paul Deng – Be the first to commentDeflation watch continues. The following graph from Bank of Japan is the most damaging chart I’ve seen for a long while (hat tip to John Taylor and his blog).
US policy makers still have chance to revert the course. But so far, they just look all too similar.
(click to enlarge; source: Bank of Japan)
