BBCNEWS Asia Business Report June 4, 2024 23:33:00
Japan's economy experienced this back in the 1990s earlier, i spoke to professor eswar prasad, the former chief at the international monetary fund's china division, and he explained what's behind the slowing economy. the consumer demand has been very weak, and when consumer prices have been flat, it's likely to show that we are in deflationary territory. no producer prices, the prices producers pay for imports of raw materials and intermediate goods, have already been falling and squeezing industrial profits. if we are not in deflationary territory, we are very close and i think we are very cl...