US /dɪˈfleʃən/
・UK /ˌdi:ˈfleɪʃn/
That's called deflation.
Which is really hard to fix because governments don't have the same ability to respond to deflation as they do to inflation.
Economically, Abenomics lowered interest rates, increased spending, and pulled the economy out of deflation, but it achieved only modest success.
and pulled the economy out of deflation, but it achieved only modest success.
Even though inflation is coming down, we're not in a period of deflation.
Even though inflation is coming down, we're not in a period of deflation.
If you look at the inflation rate in Japan, since 1995, you will see a very clear trend that inflation in Japan was negative, which means that it's a deflation, which means that prices are going down.
Because when there is deflation, when prices are going down, there is less economic activity in financial terms, so the overall economy shrunk since then.
But a rising consumer debt can lead to a hard pullback in spending, which can cause what's called deflation.
Deflation is just generally associated with not just recessions, but deep recessions in the economy.
For example, if we increase the camera, but the price of iPhone stayed the same, then that's what we call deflation.
For example, if we increase the camera but the price of iPhone stayed the same, then that's what we call deflation.
Or if they improved the car but kept the cost the same, based on the CPI report, we had a deflation.
If Apple comes up with the new iPhone, and the price of iPhone is the same as the previous year at a thousand dollars, but it has a better camera, based on the CPI report, we had a deflation and the real price of iPhone has actually dropped.
I think we're going into a deflation, so they're trying to stave off deflation right now by printing their way out of it.
We're going into a deflation, though, of the credit money, the voodoo hocus-pocus currency that the banks just type into the computer.
Back in the late 1980s and 90s, when the Japanese economy has collapsed, it was going through a deflation.
It was going through a deflation, it was in a recession, it wasn't growing at all.
Japan has been going through a deflation where prices are falling down.
Japan has been going through a deflation where prices are falling down.