Latest Deflation Stories
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
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.
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...
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...
The Bank of England is likely to begin printing money to ward off deflation, a leading British economist said.
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.
CARTHAGE, Mo., Feb.
Bank of England Gov.
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.
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...
- One of a pair of round metal cymbals attached to the fingers and struck together for rhythm and percussion in belly dancing.