'Mr Yen' suggests new era of deflation

Japanese former vice-finance minister Eisuke Sakakibara known as Mr Yen has said he thinks Japan has been unfairly blamed for failing to tackle deflation with conventional monetary policy. He also suggested the US and Europe may be likely to follow.

Source: Financial Times

Japan is the forerunner in a global shift from an era of structural inflation to one of structural deflation, according to Eisuke Sakakibara, the former vice-finance minister who is still referred to as "Mr Yen".

Mr Sakakibara

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