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Latest Deflation Stories

2009-02-27 08:48:04

Manufacturing in Japan declined sharply in January, falling a record 10 percent from December and 30.8 percent from a year ago, the government said. The Ministry of Economic Trade and Industry also said it expected production to decline 8.3 percent in February before regaining some strength with a 2.8 percent climb in March. Job offers fell 18 percent in the month, further evidence the recession has deepened sharply in Japan, the world's second largest economy, the Financial Times reported...

2009-02-19 14:50:33

The Bank of Japan said Thursday it would buy up to $10.7 billion in corporate bonds and other assets to help companies weather the financial downturn. The banks said it would buy corporate bonds rated A and higher, the Financial Times reported. It also said it would extend unlimited loans to financial firms, provided they were backed by collateral. In addition, the bank kept its key lending at 0.1 percent. Economic conditions have deteriorated significantly and are likely to continue...

2009-02-19 09:46:02

The Producer Price Index rose more than expected in the United States in January, the Bureau of Labor Statistics reported Thursday. The PPI, expected to rise 0.2 percent, rose a seasonally adjusted 0.8 percent, healthy news for those who feared an economy-stalling bout of deflation would continue. The PPI fell 1.9 percent in December and 2.5 percent in November. Core prices for finished goods -- prices excluding food and energy -- rose 0.5 percent in the month. In the month, the index for...

2009-02-18 15:58:03

Taiwan's gross domestic product plummeted in the fourth quarter of 2008 but Asia's sixth-largest economy held onto a 0.12 percent growth rate for the year. In the final quarter, Taiwan's GDP dropped 8.36 percent, larger than drops reported by Japan, South Korea and Singapore, the Financial Times reported Wednesday. The decline could spill over to China, where Taiwan has relocated much of its manufacturing activity in recent years, the Financial Times said. The official forecast is for a 3...

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2009-02-18 15:15:00

The Bank of England is likely to begin printing money to ward off deflation, a leading British economist said. The question is when will -- rather than will -- the Bank of England engage in quantitative easing, Howard Archer, chief economist at HIS Global Insight said to The Times of London. Minutes from the most recent Monetary Policy Committee meeting show the nine committee members agreed bank Gov. Mervyn King should write Chancellor of the Exchequer Alistair Darling to seek permission to...

2009-02-11 11:10:22

The Bank of England's quarterly Inflation Report said Britain would barely escape a deflationary cycle through 2012. The bank said inflation would hover just above zero percent through 2012, The Times of London reported Wednesday. The bank also said recession would remain in place through most of 2009 with the gross domestic product plunging in the summer to minus 4 percent. In introducing the report, bank Gov. Mervyn King said the country was now in a deep recession, The Times said. The bank...

2009-02-03 15:06:00

CARTHAGE, Mo., Feb. 3 /PRNewswire-FirstCall/ -- 4Q loss of $.11 per share; sales were $883 million, 15% lower than in prior year. 4Q adjusted EPS from Continuing Operations of $.03, excluding unusual items. Full year earnings of $.62 per share; sales were $4.08 billion, 4% lower than in the prior year. Full year adjusted EPS from Continuing Operations of $.88, excluding unusual items. 2008 cash flow from operations of $436 million; in addition, divestiture proceeds exceeded $400...

2009-01-21 12:46:54

Bank of England Gov. Mervyn King said the bank might resort to buying bonds from financial firms and the Treasury to restore lending and combat deflation. With key lending rates at the central bank at a record low of 1.5 percent, the bank is preparing to unleash unconventional measures, which would include a strategy of quantitative easing, King said. King said the bank was not quite ready to take the step that would be the equivalent of printing money, The Times of London reported...

2009-01-20 11:03:21

Discounts, tax cuts and falling commodity prices pushed Britain's inflation rate to its largest decline in 17 years, the government said. Britain's Consumer Price Index dropped from 4.1 percent in November to 3.1 percent in December, The Times of London reported Tuesday. Core inflation, which excludes food and energy prices, fell 1.1 percent, down from 2 percent in November. The Bank of England has predicted the CPI could drop to 1 percent in 2009. Jonathan Loynes at Capital Economics warned...

2009-01-19 12:44:34

A Toronto think-tank warned Monday Canada is heading on a dangerous path toward deflation in its battle to craft a budget in the midst of a global recession. The Center for Spatial Economics issued the warning a day before The Bank of Canada was expected to announce a half-percentage point cut in the 1.5 percent rate, the Canwest News Service reported. The report predicted a 0.9 percent contraction in the economy this year with a rebound in the second half. Given the recent plunge in consumer...


Word of the Day
ramage
  • Boughs or branches.
  • Warbling of birds in trees.
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