JAPAN’S economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, data showed on Thursday (Feb 15), raising uncertainty about the central bank’s plans to exit its ultra-easy policy sometime this year. Read more at The Business Times.
If one of the criticisms of the ‘ultra-easy’ low interest policy is that it causes inflation, that doesn’t appear to be the case since inflation has been going down there just like every other country..