White House urges Japan to fight deflation

US chief economist Glenn Hubbard has called on Japan to address deflationary pressures through central bank policies. But he acknowledged that the deflationary spiral was only one cause for the country's economic problems.

Source: United Press International

Japan must tackle deflation in order to jump-start its ailing economy once and for all, the White House's chief economist said Thursday.

The White House's Chairman of the Council of Economic Advisers Glenn Hubbard pointed out that while Japan