The Muscular Yen Could Crunch The Global Economy

Disinflation--a decline in the rate at which prices rise--is not merely a U.S. phenomenon. Other major industrialized nations, beset by recession and laboring under tough monetary-policy guidelines, are also experiencing it. Now, some economists are wondering whether next year, in Japan at least, that disinflation might turn to actual deflation, or an outright price drop.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.