Word: korekiyo
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Dates: during 2000-2009
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...then that will lead to the collapse of the economy," says JPMorgan Securities chief economist Masaaki Kanno. Deflation has periodically plagued the Japanese economy for the last 15 years, ever since a spectacular asset bubble burst in the early 1990s. One of the country's revered economic figures is Korekiyo Takahashi, a former prime minister and finance minister who is credited with reining in raging deflation in the early 1930s, sooner than the U.S. was able to fend...