Friday, May 27, 2011

Japan Wins the Fight Against Deflation

It's too early to say, but it's a big victory to get anything but deflation out of Japan.  They have been fighting deflation since the bubble popped in 1991.  That's 10 years and buckets of money thrown at the problem.  Of course, now they'll need to focus on the national debt, but hey, who doesn't!?