Cargill, Thomas F.; Guerrero, Federico - Economics Department, University of Nevada-Reno; … - 2006
The Bank of Japan permitted a ten-year period of deflation (1995-2005) which appears to have ended in 2006. The deflation, as well as the preceding disinflation, adversely affected the financial and real sectors of the economy that in turn, made it difficult to recover from the collapse of asset...