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Pedestrians cast shadows as they make their way at a financial district in Tokyo. Image: REUTERS file

Pandemic heightens chance Japan will slide back into deflation: poll

By Kaori Kaneko

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Slide back into? When did it crawl out?

14 ( +17 / -3 )

This is a given. We all knew this about 6 months ago.

10 ( +12 / -2 )

Nobody I know is getting any more money, in fact less so deflation is the answer, isn’t it?

And nothing in the post from the government nor the bank-still more debts than money this month!

6 ( +8 / -2 )

Good. My money will go further.

8 ( +10 / -2 )

Deflation is not necessarily a bad thing.

14 ( +15 / -1 )

The economy will grow 3.2% next year with consumer prices dropping by 0.5%? For the working class, that's the best of both worlds!

0 ( +3 / -3 )

23 of 40 analysts polled said the chances were either "high" or "very high." The remainder said the likelihood was low.

23 said Japan will go into deflation. 17 said no. Ths isn't exactly a unanimous opinion. Let's see what happens.

3 ( +5 / -2 )

Japan’s economy is already crap-the recession is here...

3 ( +6 / -3 )

I for one have never been busier. I'm buying a new car soon, working hard, and buying locally. I'm doing my part. Everyone else just needs to do the same to whatever degree is within their means.

-2 ( +3 / -5 )

There are things the country can do to stimulate it's economy. Frankly, Japan's business and government processes are inefficient. If the old way works, look for ways to improve it. Find inefficiencies and eliminate them. Promote independent thinking. Empower employees to act independently. Huge benefits await if you can accept change.

A person with no knowledge of Japan could find enough waste in one week to provide opportunities to stimulate the economy for years to come. For example(s): Traffic lights on timers, how much time is wasted waiting for those? (If time is money it's worth a lot to fix it) Banking done by hand, really? How many people work at the city office? City employees had to check manually to see if citizens applied for stimulus check on-line and by mail, why? How much time did you say you spent commuting to the office? What are these little red stamps for again? Amazon deliveries must be in person? You said cash only (no cards)? You spend how many nights out drinking with your co-workers for team building? How many women engineers are there is Japan? Oh and there are more...

These are opportunities for improvement, do it, and get the economy going. Don't wait for the government to give you the go ahead, just do it. Get a grip or backslide into deflation.

1 ( +4 / -3 )

An overhaul of everything is needed but will those in Positions of power allow that to happen? , it could be a such a nice place to live, if only this deference to elderly Sachio and family ties are swiped aside. There are so many bright people snuffled by the system. Japan can be great it just takes a leap of faith.

Nice life should be the focus not clawing at being in the top five economic nations.

1 ( +3 / -2 )

Japanese leaders do not fear deflation. They fear hyperinflation.

Bank of Japan created the deflationary spiral for decades to stabilize the domestic economy and employments. More importantly, it inflates the values of stocks and Tokyo's real estates. The last ditch to revitalize Japanese economy through selling assets to foreigners and attract FDIs into the country. The Covid economic depression is dangerous for the BoJ because it threatens Japan's ability to prevent hyperinflation from happening. The article should be "Pandemic heightens chance Japan slides into hyperinflation".

5 ( +5 / -0 )

Happy to hear this seeing as wage increases are pitiful here.

3 ( +3 / -0 )

Oh no! Stuff will cost less. The horror!

2 ( +3 / -1 )

This means people on fixed incomes are getting richer.

And we don't need to raise the minimum wage! Even better!

-1 ( +0 / -1 )

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