Japan rings the bell on a deflation death match

Japan’s staggering stimulus is part of a worldwide trend, with little doubt the ECB’s policy will also be looser before long. But Tokyo’s efforts could run into intrinsic design flaws.

Some of the worst performing economies in the world – the eurozone, the United Kingdom and Japan – had central bank meetings in the last 24 hours. All three central banks kept monetary policy settings firmly positioned at super stimulatory levels as they struggle to kick-start a decent pace of economic growth and reflate their depressed economies.


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