Japanese worry deflation could trigger a recession

Article Abstract:

Many Japanese are concerned that continuing price declines could trigger a recession. Japan's deflation has been negative for the latter half of 1994, falling 0.7% in the fourth quarter of that year. The main deflationary force is the skyrocketing yen, which makes imports cheaper. Cheaper imports in turn are pushing down overall wholesale prices. Cheaper goods cut into corporate earnings, forcing companies to hold down wages and hurting the purchasing power of consumers.

Forecasts and trends, Recessions, Deflation (Finance), Deflation (Economics)

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A revival of Japan's economy is said to depend on Tokyo's willingness to cut regulatory noose

Article Abstract:

Comprehensive deregulation is the only long-term solution to Japan's economic problems. For years, regulations and tax laws hindered exports, suppressed consumption and encouraged consumers to save. Many economists, however, feel that the government has no choice but to allow market forces to come into play, trim bloated industries and let in more imports. The government should also crack down on cartels and end bureaucratic 'administrative guidance' of industry.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Regulation NEC, Commercial law, Deregulation

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