I cannot find any answers how a country like Japan ended up with deflation in the first place. Yes, the CB had 0% until 2006 trying to fix the problem with no luck after the Asian financial crisis in '97 but was this the main reason?
I have asked several people with experience with no luck, maybe someone around here knows it.
I have asked several people with experience with no luck, maybe someone around here knows it.
Measure twice, cut once