China’s consumer sector fell into deflation and factory-gate prices extended declines in July, as the world’s second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus.
Anxiety is rising that China is entering an era of much slower economic growth akin to the period of Japan’s “lost decades”, which saw consumer prices and wages stagnate for a generation, a stark contrast to the rapid inflation seen elsewhere.
China tips into deflation as efforts to stoke recovery falter
by Liangping Gao and Ryan Woo
https://www.reuters.com/world/china/chinas-consumer-prices-swing-into-decline-deflation-risks-build-2023-08-09/
China May Be Headed for a Lost Decade
by Desmond Lachman
https://www.barrons.com/articles/china-economy-growth-recovery-ec6840b7
Moody’s Analytics Says Yen May Rise as Another Lost Decade Looms
Bloomberg
(2016)
https://www.bloomberg.com/news/articles/2016-06-17/yen-may-climb-as-japan-faces-another-lost-decade-says-moody-s
(sk)
エコノミストはどんな状況も都合よく説明する。
経済がいいといっても、投資家だけにいい場合には、みんなの暮らしは苦しくなるばかり。
何が良くて何が悪いかは、エコノミストによって違う。
モラルのないエコノミストを多く持つ社会は不幸だ。