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2009 – Get ready for massive deflation, US dollar destruction and the global economy slump further into recession – Japan in recession is now facing sharp deflation (update 1)

Posted by Adrian on January 15, 2009

Japan could be the first nation to record record falls in prices hence the term deflation. A country that relies heavily on continue demand from wealthy developed nations is now amidst a nasty deflation spiral. Although I would say the deflation will grip the whole global economy it would be worth noting the countries that are especially prone to a deflation downturn will go first, such as Japan

refer to graph:
jpcgpi0109

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