Monthly deflation in July was 2.3 percent, compared with 0.5 percent deflation in June.
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Monthly deflation in April was 0.3 percent compared to the same deflation in March.
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Monthly deflation in July was 2.3 percent, compared to 0.5 percent deflation in June.
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But keep in mind that's deflation on top of deflation," Schlotman said on "Squawk Box.
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Armenia's annual deflation reached 1.3 percent in July, compared with 1.1 percent deflation in June, according to central bank data.
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As for deflation, Switzerland has seen three rounds of deflation in the past decade — in 2009, 2012 and 2015-16.
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When later asked whether such statement may be taken as hasty judgment on deflation, Abe said Japan has still not completely conquered deflation and that the government and the BOJ will work as one to defeat deflation.
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"Trying to fight deflation with deflation is like trying to put out a burning house by pouring gasoline on it," he said.
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We will look back on that as a deflation trade in same lines as negative yields in Germany and Japan were deflation trades.
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"Genomics is bringing technology into health care in such a way that we're seeing deflation — price deflation," said Wood, who owns a company called Illumina.
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Annual deflation in the South Caucasus country was at 0.6 percent in November, compared with 0.9 percent deflation in October, according to central bank data.
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There is a risk of financial deflation rearing its ugly head again, if price deflation in commodities continues and forces resource companies to retrench again.
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Annual deflation in the South Caucasus country was at 0.9 percent in October, compared with 1.9 percent deflation in September, according to central bank data.
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Annual deflation in the South Caucasus country was at 4.53 percent in August, compared with 1.3 percent deflation in July, according to central bank data.
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Annual deflation in the South Caucasus country was at 1.9 percent in April compared to 2.0 percent deflation in March, according to central bank data.
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Annual deflation in the South Caucasus country was at 1.3 percent in July, compared to 1.1 percent deflation in June, according to central bank data.
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Although in many cases, consumer-price deflation has not caused a growth slowdown, producer-price deflation does indeed tend to be a big drag on investment.
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We have never had deflation that I can find that started because we were near the zero bound we have deflation in every instant because there was an asset bubble.
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Datta says that while Japan's economy is growing, he warns the "deflation monster" has not been conquered and the economy is struck in a grey area between inflation and deflation.
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"It is common even among advanced countries in the EU. Euro zone for instance has PPI deflation but China, India and other countries in Asia have very serious PPI deflation problem," Wei said.
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Earlier this month, central bank data showed the country had also recorded deflation on an annual basis in September, the first year-on-year deflation since the data were first released in 1965.
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There's also been some discussion on deflation, particularly in food.
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China is exporting deflation through dropping demand and outbound capital.
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The QE programme was conceived when deflation was greatly feared.
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I do sense a bit of deflation in the media.
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Price deflation was to blame, according to CFO Richard Galanti.
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But not all economists agree that deflation isn't a problem.
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In the summer of 1720, Law chose the deflation option.
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Which means deflation for the first time in 100 years.
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Deflation set in for three of the next four months.
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Deflation, unlike inflation, makes loans cost more in real terms.
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Israel has been in a deflation trend for 25 months.
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For the US economy low oil prices can spur deflation.
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These trends tell us that China still fears a deflation.
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"He said the threat of deflation is dead," Cashin said.
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But mild deflation improves standard of living and business competitiveness.
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As deflation pushed down prices, companies struggled to increase profits.
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Deflation, including the supermarket's own price cuts was 2.6 percent.
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In Europe, prices were still under pressure from commodity deflation.
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A fear in 2008 was that deflation might take root.
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Deflation in the country hit its highest level in Nov.
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"Japan is finally emerging from deflation ... We need to pass legislation through parliament for steps to beat deflation and create a strong economy as soon as possible," Amari told a news conference, Reuters reported.
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On Tuesday, Economy Minister Nobuteru Ishihara said that people still do not think Japan has fully escaped the risk of deflation, and that stimulus spending must ensure that Japan maintains enough speed to escape deflation.
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Macro-economics We already live in a world of technological deflation.
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Similarly, life insurance contracts don't usually have an out for deflation.
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The developed economies in Europe and Japan have struggled with deflation.
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Meanwhile, food deflation dented revenue by 27.9 basis points this quarter.
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The central bank has sought to lift Japan out of deflation.
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Israel has now been in a deflation trend for 24 months.
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It has not flagged any concerns about deflation in the horizon.
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Twitter deflation will only solve one of Twitter's vexing trust problems.
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Right now, deflation is a bigger threat to the global economy.
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"The great order book deflation continues," ING economist Carsten Brzeski said.
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"It's deflation on all things oil," said Tom Kloza of OPIS.
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Nor could they prevent sharp global deflation from 2012 to 2015.
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As such, a complete end to deflation remains out of sight.
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In japan they've been fighting off deflation now for two decades.
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Deflation can feed on itself, leading to economic stagnation or worse.
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The U.S. experience with deflation in 1929-85033 and Japan's experience from 1998 until recently suggest that deflation not only deepens economic crises, it can be a quicksand that is extremely difficult to get out of.
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So, if I was trying to create deflation like I'm in this evil Darth Vader, like 'Let's create deflation,' I would have been done exactly what the Fed did from 2012 until a couple of years ago.
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In part, the Fed wants a little inflation simply to avoid deflation.
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STANLEY DRUCKENMILLER: If this was measured properly we're probably already in deflation.
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But the story is ... which country is most vulnerable to debt deflation?
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Same-store sales were up 683 percent, impacted by discounts and deflation.
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Deflation bogeyman The Trump administration argues that inflation is not a concern.
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He forecasts 2017 to see a shift from deflation to inflation trades.
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TV thrives on virality now, and the Globes almost beg for deflation.
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China, however, is at no risk of either deflation or liquidity problems.
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Japan continues to suffer from economic stagnation, chronic deflation and high debt.
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And just the deflation argument in Europe, it just isn't there anymore.
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Deflation is seen as the root of two decades of economic malaise.
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"We must pave the way for ending deflation," Abe told the briefing.
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Poland had experienced more than two years of deflation until late 2016.
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"Global deflation is going to turn into a recession worldwide," said Stockman.
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Further proof of deflation can be found in the following two charts.
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Draghi did say, however, that the risk of deflation had virtually disappeared.
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And I suspect it is not entirely coming from commodity price deflation.
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Communication costs also saw deflation, with prices dipping 0.02% on the month.
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One Washington Post columnist told CNN "there is no deflation" in prices.
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But he was exonerated in the deflation case by the Wells report.
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The threat of deflation is gone and reflationary forces are at play.
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Economics professors like me teach students that deflation can be extremely dangerous.
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You can feel a kind of deflation or heaviness near the end.
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Factory prices have veered into deflation, a bad sign for industrial profits.
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"Frankly, I think there's fear of deflation picking up again," he said.
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Month-on-month, the euro zone recorded a 1.0% deflation, Eurostat said.
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The BOJ is still fighting that battle against low growth and deflation.
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Indeed,the IMF warned that the dynamics of the current situation resembled a negative feedback loop, in which debt deflation is causing the real burden of debt to increase, leading to poorer economic growth and yet further deflation.
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"The important message is deflation is not good for the economy," Ishihara said.
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|
It's also possible that the Democratic response would be rage rather than deflation.
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Producer prices, mired in deflation for 54 straight months, are rising at last.
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From excessively high inflation to -2.3% deflation, Mangudya remembers the tough years vividly.
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This was an attempt to fend off the specter of growth-sapping deflation.
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"The BOJ alone cannot win the deflation war, unless economic growth expectations increase."
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He also said that market expectations for deflation would diminish in coming quarters.
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Yet pressures are expected to persist from deflation in categories including 4K TVs.
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Both indicate something huge underground is on the move, causing some serious deflation.
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The euro zone was in deflation for a second consecutive month in May.
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The euro zone slipped back into deflation for the first time since September.
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Therefore, they will be forced to switch from deflation fighters to inflation fighters.
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Struggling to stave off deflation, the ECB has provided unprecedented stimulus for years.
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He claimed it would repel deflation, repair the public finances and revive productivity.
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Not just to create inflation (and avoid deflation, which can be even worse).
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The last time inflation risks were seen as outweighing deflation was in 103Q11.
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The high prices at Whole Foods will most likely see a gradual deflation.
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Yet deflation has not vanished: Core consumer prices fell 0.5 percent in July.
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Still, unemployment is dropping and the threat of deflation has been warded off.
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But the Fed has in fact created a very dangerous deflation in prices.
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That's because deflation — a decline in prices — was 0.6 percent in January 2015.
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Spain was deep in deflation with prices down 0.9 percent year-on-year.
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But as far as our dugout, there was no deflation, no give-up.
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None of this masked the palpable sense of deflation emanating from the scenes.
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The chain had cast blame on deflation in food prices and increased competition.
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"Inflows to 'deflation assets'... continue to trounce inflows to 'inflation winners'," they added.
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Deflation had ended, overcapacity and corporate debt issues were starting to get resolved.
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|
To outrun value deflation, solar costs have to keep falling year after year.
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|
DB: The fourth quarter we saw a similar deflation, by the way something is coming from pricing most of it coming from commodity deflation in the U.S. market that will cycle as we expect during the second quarter third quarter.
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"We will be a terminator of deflation ... We'll look to see if there is room to take further policy steps as many times as needed to eradicate deflation," Nakaso told reporters after meeting with business leaders in Okinawa, southern Japan.
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"We are not in a deflation situation yet, but over the medium term, we need to start thinking about deflation as we have more and more data showing weakness," said Oh Chang-sob, fixed-income strategist at Korea Investment & Securities.
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|
Grocers have been pressured by food deflation, which is putting pressure on their margins.
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Monetary easing steps taken to beat deflation resulted in a weaker yen, he added.
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|
The key problem for the monetary authorities is neither unwanted inflation nor debilitating deflation.
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It said higher prices were returning to the market after two years of deflation.
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This is why deflation frightens economists so much: It's a huge drag on production.
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|
Financial deflation and technological disinflation remain the larger factors in a weak global economy.
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|
The deflation of a tech bubble and corporate debt could also come into play.
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|
Deflation may be exerting a stronger pull on our economy than the CPI indicates.
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|
BAML noted that the flow of funds has clearly favoured so-called deflation assets.
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|
In addition, China isn't currently exporting deflation for the first time in 2 ½ years.
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|
The country was cast into a debt-deflation spiral and a prolonged liquidity trap.
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|
Indeed, austerity-induced deflation in the 1920s frustrated attempts to pay down war debts.
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Wage rises are crucial to the government's efforts to stoke demand and defeat deflation.
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|
Supermarket and packaged food companies have been hammered this year, thanks to food deflation.
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|
Categories showing the most deflation in July were eggs, followed by beef and pork.
|
|
Bosses are starting to believe that the country may be escaping deflation for good.
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|
Lewis did, however, note the UK market remained "tough and uncertain", with deflation persisting.
|
|
The ECB is supposed to keep inflation close to 2%, but deflation has returned.
|
|
Both episodes start with a financial and economic crisis and the threat of deflation.
|
|
Risks suddenly tilted towards deflation, which could have had grave impact on the economy.
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Risks suddenly tilted towards deflation, which could have had grave impact on the economy.
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|
Certainly oil is part of that global deflation issue that people are talking about.
|
|
A massive deflation is not necessarily a good thing from an economic standpoint, however.
|
|
The Tom Brady deflation saga is still going strong, 16 months after it began.
|
|
They panel expects growth to accelerate, as deflation does not seem to harm investments.
|
|
Cain suggested in February that the Fed should more worried about deflation than inflation.
|
|
"I am not as afraid of inflation as I am of deflation," he said.
|
|
Growth was slow and deflation was debilitating—not least because it constrained government revenues.
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And a little inflation also keeps the economy at a safe distance from deflation.
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Echoing recent comments from Tesco and Sainsbury's it expects deflation to persist through 2016.
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Even Japan's longtime economic nemesis, persistent consumer-price deflation, is being kept at bay.
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|
The authors found this would alleviate just 21990 percent of value deflation for solar.
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|
"The low levels of shop price deflation we have witnessed over the last few years will not be around for much longer, and we expect shop price deflation to be closer to zero at the turn of the year," the BRC said.
|
|
Lastly, the strong U.S. dollar has resulted in imported deflation over the past two years.
|
|
"For the last eight years I've been worried about the risk of deflation," he said.
|
|
They will assume, rightly, that deflation and recession will eventually do the trick on inflation.
|
|
Central bankers, who had been employing various measures to forestall global deflation, were mightily relieved.
|
|
Obviously, one of the problems for it is price deflation as it relates to food.
|
|
Parliament restored it in 1819, although only by forcing a period of deflation and recession.
|
|
"There is no better opportunity than now to completely get out of deflation," said Kuroda.
|
|
By category, the forecast shows the most deflation in meats, poultry, eggs and dairy products.
|
|
Costco: This company has some food deflation issues, and Cramer suspects it could hurt numbers.
|
|
Domestic demand is expected to remain steady, and possibility of deflation is small, Mao added.
|
|
Rates have remained unchanged since then, despite deflation which has persisted for over a year.
|
|
A year later spirits are sombre as the recovery flags, stockmarkets languish and deflation returns.
|
|
"Deflation in some categories was expected and that's happened," said Deutsche Bank analyst Karen Short.
|
|
Soon afterward, Japan's economic bubble popped, ushering in a long period of stagnation and deflation.
|
|
Fallon isn't accountable for the quicker-than-expected deflation of the U.S. higher education bubble.
|
|
Their Chinese counterparts worry about the opposite: excessive production causing deflation and unsustainably rapid growth.
|
|
Of course, this has to do with concerns over energy loans and worries of deflation.
|
|
Rises in base pay had been virtually frozen since the early 613s amid persistent deflation.
|
|
Volatile markets and slowing global growth have threatened the central bank's efforts to overcome deflation.
|
|
Growth has not dipped below 6.7%, even as prices slipped into deflation in late 2015.
|
|
The euro-zone economy is barely growing, and may be on the verge of deflation.
|
|
The percentage that see deflation as a high risk dropped sharply to 21% from 37%.
|
|
In the first quarter, food price deflation came to 4.0 percent, according to the government.
|
|
Those with ultra-low inflation or deflation, meaning falling prices associated with weak economic growth.
|
|
He pledged to put a decisive end to deflation by encouraging companies to raise wages.
|
|
That was a little bit less deflation than the prior year and the prior quarter.
|
|
Central bankers fear deflation because once it sets in, it is notoriously difficult to reverse.
|
|
Draghi said he saw no probability of deflation, however, and a low probability of recession.
|
|
In 2011, Congress demanded deficit reduction at a time of deflation risks and weak growth.
|
|
Longstanding problems like deflation, bureaucracy and a shrinking population added friction to the country's growth.
|
|
In the mid-2010s it was a commodities bust that helped push Europe into deflation.
|
|
We have heard about the seemingly exceptional story of Japan's steady depopulation and economic deflation.
|
|
The import deflation supports expectations that the Federal Reserve will cut interest rates this year.
|
|
The question of whether Japan can decisively emerge from deflation is a matter of huge debate, and the Reuters Corporate Survey found many respondents worried by a steep slide in oil prices with some concerned that deflation has become too chronic a condition to change.
|
|
"I think the main driver here is the rotation into the stocks of companies that do well when the economy's weak or when there's deflation — and boy, is there deflation — along with the fact that Trump isn't gunning for the pharmaceutical industry," Cramer said.
|
|
During nearly 20 years of deflation, consumers have postponed spending, believing prices will continue to fall.
|
|
Same-store sales were up 1 percent, impacted by discounts and deflation despite seeing more shoppers.
|
|
In fact, the real message of rock-bottom rates around the world is stagnation and deflation.
|
|
Whatever the future course of prices, Asia's half-decade of deflation has already yielded valuable lessons.
|
|
This is even more the case with a country like Japan that has experienced protracted deflation.
|
|
Outside of thinking about specific sectors, technology-based deflation can be thought of in two ways.
|
|
Japan hopes the Olympics will spur its economy, which is struggling to escape decades of deflation.
|
|
But Japan has been close to or in deflation for most of the past two decades.
|
|
Japanese Prime Minister Abe hinted at further stimulus to support the domestic economy and fight deflation.
|
|
Not until deflation threatened could the ECB begin stimulative asset purchases, long after other central banks.
|
|
Japanese Prime Minister Abe hinted at further stimulus to support the domestic economy and fight deflation.
|
|
Borrowing costs across Europe have tumbled, helping the fight against deflation and driving down exchange rates.
|
|
Warren Buffett once said that deflation is the worst thing that can happen to the economy.
|
|
China's 20143 consecutive months of producer price deflation is also to blame, according to the ADB.
|
|
But while the rest of the world worries about deflation, across Latin America prices are rising.
|
|
That is, it looks as if weak demand and a bias toward deflation are enduring problems.
|
|
The RBNZ Governor reiterated last week that further easing would be needed to deflect deflation risk.
|
|
The Fed successfully fought financial deflation in the wake of the credit crisis in 2008/09.
|
|
"Further (BOJ) easing will be unavoidable to stop the trend of returning to deflation," Takeda said.
|
|
It's common knowledge that deflation is a decrease in the overall price level of the economy.
|
|
If this cycle had produced an 80s-level disinflation, we'd be well into deflation by now.
|
|
Well, you'll always get some inflation when prices move up, some deflation when they go down.
|
|
He said grocery price deflation had, however, eased over Tesco's third quarter and the Christmas period.
|
|
Another central bank official said the bank was not worried about deflation because consumption was rising.
|
|
"What's important is to end deflation as soon as possible and normalize interest rates," he said.
|
|
Economy Minister Toshimitsu Motegi told reporters there was no change to the government's position that it would judge an eventual deflation exit looking at prices and confirming there would be no relapse, adding that it would aim to vanquish deflation through wage rises and productivity improvements.
|
|
Between annualizing the removal of cigarettes and getting rid of gasoline deflation, Cramer sees major positives ahead.
|
|
Even Japan, notorious for its decades-long struggles against deflation, is posting inflation data notably above forecasts.
|
|
Producer prices, in particular, saw a stunning turnaround, emerging in September from nearly five years of deflation.
|
|
Kropiwnicki said the new central bank projection would show that deflation would last longer than previously expected.
|
|
We saw a note this morning saying that with Kroger we shouldn't be worried about food deflation.
|
|
That marked the fourth consecutive quarter of double-digit deflation when compared with the year-ago period.
|
|
These retailers, who by nature are up against razor-thin margins, are also battling against food deflation.
|
|
In the survey, only 14 percent of firms said they believe Japan is already out of deflation.
|
|
Some 40 percent - the biggest proportion - said they see no end to deflation for the foreseeable future.
|
|
As in most other places, the euro area deflation is the energy bonanza compliments of the Saudis.
|
|
Several economists believe that the era of deflation is over with Trump's rise to the White House.
|
|
And when did food deflation get so out control that any food retailer is now being crushed?
|
|
Their anxiety may illustrate another obstacle in the fight against deflation: the lugubrious disposition of many Japanese.
|
|
The fund was caught wrongfooted with forces of deflation "overwhelming" those of expansion, according to the letter.
|
|
Some central bankers did not rule out a rate cut if growth slows significantly and deflation deepens.
|
|
That reinforced expectations the European Central Bank will have to add further monetary stimulus to avert deflation.
|
|
They seem to be positioning for a long-term war on deflation, rather than a quick battle.
|
|
If the global economy does not see a material recovery, he explained that deflation could become entrenched.
|
|
"We're still on the cusp of emerging from deflation and that process is still fragile," he said.
|
|
Fashion retailer Next has sounded a bearish note on clothing demand, and food deflation can't persist forever.
|
|
Deflation may come at 0.2-0.0% due to falling prices for vegetables and fruit, the ministry said.
|
|
It's the engineered deflation of the Chinese housing bubble that is now roiling the world's metal producers.
|
|
Annual consumer inflation was just 2.57 percent in February following five months of deflation in food prices.
|
|
There will be unprecedented volatility between inflation and deflation cycles in the future due to these factors.
|
|
Any rate cut by China will aim to cope with deflation risk, Yi was quoted as saying.
|
|
Greece recorded annual inflation of 0.4% in December (using the EU's calculations), ending 33 months of deflation.
|
|
On top of that, add deflation, or bad weather--and it becomes tough to hit your numbers.
|
|
That is not because they reckon that entrenched deflation means things will get cheaper in the future.
|
|
Worried about deflation risks, the RBA slashed rates twice last year to a record low 27.6 percent.
|
|
"At worst, there's a risk that we could return to the long tunnel of deflation," he said.
|
|
"Next is Kroger, which has an expensive, unionized workforce and is already struggling with deflation," he said.
|
|
"For the first time, it looked like firms were encountering genuinely harmful deflation," the private survey said.
|
|
Data on factory pricing shows that deflation appears to be easing at last after four tough years.
|
|
At the same time, falling international oil prices have helped again raise the specter of Japanese deflation.
|
|
Mr. Kuroda initially promised to beat deflation in two years, a deadline that has come and gone.
|
|
"When oil falls, it conjures up images of deflation, inventories piling up and China slowing," he said.
|
|
"Without these measures," Mr. Constâncio said, "the euro area would have been in outright deflation last year."
|
|
The thrill of victory and deflation of defeat binds fans around the world regardless of team affiliation.
|
|
We ended up having Miles snipped the old-fashioned way, without any apparent deflation of his ego.
|
|
The oil, coal and other fuel processing industries also saw price deflation worsening to 5.9% in August.
|
|
Deflation generally discourages consumers from making major purchases as they wait for lower prices and better deals.
|
|
None of the leads are directly impacted post-election, despite their feelings of deflation on election night.
|
|
The economy is growing at its best in three decades and is no longer mired in deflation.
|
|
He also said the adoption of negative rates shows the central bank's strong determination to beat deflation.
|
|
But the middle or high end of that range might not be enough to outpace value deflation.
|
|
The general consumer price index for the month was negative 0.29%, compared with deflation forecasts of 0.22%.
|
|
But that didn't stop investors from buying its bonds, especially when the country succumbed to bouts of deflation.
|
|
Costco also had a serious issue with deflation, especially for gasoline because it has so many gasoline locations.
|
|
Still, many analysts say the revision does not change the challenges Japan faces in sustainably emerging from deflation.
|
|
Nowotny said there was a chance the collapse in oil prices would bring deflation in the euro zone.
|
|
Japan has been in grinding deflation since the late 1990s after a property bubble burst earlier that decade.
|
|
"She had two children which left her with deflation of her natural breast tissue," he explained to PEOPLE.
|
|
Soros told Bloomberg TV on Thursday he sees a hard landing for China's economy contributing to global deflation.
|
|
Launched nearly 3 years ago, the bond buys have kept borrowing costs low, reviving growth and averting deflation.
|
|
That boded well for the global economy which has been battling the threat of deflation in recent months.
|
|
Raising rates too high could also be dangerous — the deflation effects from technology are likely to continue anyway.
|
|
Risks to our rating includes reduced tailwinds to offset reimbursement pressure, lower generic deflation, and lower brand inflation.
|
|
Now, if the Chinese keep selling dollars, they will create deflation, as they withdraw money from their economy.
|
|
S. trade talks and as China faces the risk of a return to deflation on weakening domestic demand.
|
|
The weekly jump came after gains in oil eased some of the deflation concerns in the developed world.
|
|
The committee said a more "forceful and balanced policy mix" was needed to stimulate growth and avoid deflation.
|
|
During his campaign and after his inauguration, Roosevelt repeatedly pledged to raise prices in the deflation-stricken economy.
|
|
Activity in non-oil sectors of the UAE are sluggish, and the country fell into deflation in January.
|
|
He said this had been due to price deflation and difficult market conditions that had prevented planned privatizations.
|
|
He said it's too early to judge the actions of the Federal Reserve, which needs to fight deflation.
|
|
The ECB has provided unprecedented monetary stimulus in recent years to boost the economy and fight off deflation.
|
|
"I would like to lay the groundwork for beating deflation in the next three years," Abe told parliament.
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Producer price deflation will continue to ease thanks to higher commodity prices, driving stronger profits for industrial firms.
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In traditional currency terms, we can think of that as negative inflation, or a deflation rate, for bitcoin.
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In doing so, it kept monetary policy too tight, initiating a spell of prolonged deflation and economic weakness.
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The 22019 financial crisis prompted new measures to fight deflation, including quantitative easing and negative interest rate policies.
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The country's biggest retailers are suffering from a long spell of deflation that is unlikely to subside soon.
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After decades of zero interest rates and quantitative easing-style asset purchases, Japan is still mired in deflation.
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The speed, force, and duration of inflation and deflation can be controlled using a haptic effects software editor.
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Deflation-beating government policies initially sparked a stock rally and spurred spending after their introduction from December 2012.
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He argued that central banks failed to supply enough money and thus allowed devastating deflation to take hold.
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Now he says monetary policy alone cannot beat deflation and has called for government efforts to boost growth.
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In early 85033, it took aggressive actions to reign in its excess supply and to stop exporting deflation.
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This is often an ominous signal of low inflation or deflation, and slowing economic growth or possibly recession.
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That took it below a previous record low set in 1.63 when deflation fears gripped the currency bloc.
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The role of deflation and technology has not been ignored, but it has hardly been front and center.
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So, part of the capex decrease is part simply of the deflation of the costs of the industry.
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"We haven't reached a situation where we can say Japan has completely emerged from deflation," Nishimura told parliament.
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Fear of deflation is overblown, Mr. Issing and others argue, and there is nothing wrong with low inflation.
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Kantar Worldpanel said sales in the overall UK grocery market rose 0.2 percent, while deflation was 1.6 percent.
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Since the Bank of Japan launched a massive quantitative easing program in 2013, the country has exited deflation.
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The past decade and a half has seen boom and bust, inflation and deflation, globalisation and trade tensions.
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Meanwhile, average prices fell 1.3 percent, the company said, with fruit and vegetables deflation persisting at 5.4 percent.
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Think of Japan and the yen during its lost decades of negative rates, deflation and a sluggish economy.
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This isn't a surprise, and energy wonks have been pondering how to address deflation for some time now.
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Prime Minister Shinzo Abe praised the BOJ's massive stimulus for creating jobs and pulling Japan out of deflation.
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That took it below a previous record low set in 2016 when deflation fears gripped the currency bloc.
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"Despite lumber deflation and difficult weather, we are pleased that we delivered positive comparable sales in all 2000 geographic regions of the U.S." Deflation in the price of lumber also hurt Home Depot, which reported better-than-expected earnings Tuesday but missed on sales and cut its outlook for the year.
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Standard measures of inflation also tend to overstate it, so avoiding deflation actually requires keeping measured inflation above zero.
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In December, China's PPI climbed to a five-year high, rising 5.5 percent on-year, exiting years of deflation.
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After years of worrying about deflation, the stock market could catch a whiff of inflation later in the year.
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The dollar last traded at around 108.90 yen, cooling exporter sentiment and weighing heavily on Japan's fight against deflation.
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In Japan, two decades of deflation have taught firms and wage-earners to expect a lot less than 2%.
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Higher inflation would be a welcome change from the spectre of deflation that until recently stalked the rich world.
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"In an environment marked by deflation and low raw material prices, we continued to privilege volume growth," Bulcke said.
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One way of making this happen is to create deflation, ie, to let money rise in value over time.
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This system of using multiple currencies has led to a deflation rate of -2.3%, according to Zimbabwe's bank governor.
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They also see no decisive end to deflation this year, the Reuters Corporate Survey, conducted January 4-17, showed.
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"Early in the quarter we were definitely seeing some deflation," said A.C. Gallo, president and COO of Whole Foods.
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Like others in the retail space, department stores are also battling ongoing, excessive promotions that have led to deflation.
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One of the main causes of the rising debt burden and financial stress on corporations in Japan was deflation.
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However, along with its wage investments, the company is facing headwinds from a stronger U.S. dollar and food deflation.
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"This would be enough to save central banks from having to do even more to tackle deflation," Brzeski said.
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So, if the issue was just food stamps, Wal-Mart or deflation, Cramer could price it into the stock.
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The ECB is already spending billions through its quantitative-easing programme to stimulate the economy and ward off deflation .
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They are cutting interest rates, even going negative on rates to promote growth and avoid stagnation, or worse, deflation.
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Israel's deflation deepened in December, with the annual inflation rate slipping to -1.0 percent from -0.9 percent in November.
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The central bank has attributed the more than one-year bout of deflation to falling oil and commodity prices.
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Kantar Worldpanel said sales in the overall market fell 0.2 percent, thanks to continuing price deflation of 1.8 percent.
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We've been in a deflationary environment — food deflation, labor's gone up — but we have not taken price beyond inflation.
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The euro zone remained in deflation in March after official data showed that consumer prices fell again this month.
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For US equities, the previous instance of severe debt-deflation in the U.S. is the most frighteningly obvious precedent.
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The fear of recession and deflation is the primary reason why the 20063-year note yield is currently falling.
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Prices were actually falling when he took charge; a further decline would have mired America in Japanese-style deflation.
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Shares of Sprouts Farmers Market have suffered in recent months due largely to intensified competition and food price deflation.
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COSTCO, IF YOU TAKE OUT FOREIGN EXCHANGE AND GAS DEFLATION, THERE SAME STORE SALES IN DECEMBER WERE UP 5%.
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The focus on mitigating out-of-pocket costs doesn't necessarily result in a deflation of our bloated healthcare system.
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This threatens the developed world with the kind of deflation that has afflicted Japan for more than a decade.
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That would immediately lower the bar for new consumption and investment, and seems a sure-fire cure for deflation.
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Markets will watch official January consumer and producer price indexes, due for release on Thursday, for signs of deflation.
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Domestic investors might also buy their own government's negative-yielding bonds if they expected a prolonged period of deflation.
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The government can now blame external factors for its economic woes, which include deflation, flaccid consumption and sluggish wages.
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Kholifey told also reporters he does not expect deflation as demand for consumer and real estate loans was "active".
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Deflation had ended, and overcapacity and corporate debt issues were starting to get resolved, Fan was quoted as saying.
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In Brazil food retail sales were driven by its Assai cash-and-carry stores despite continuing food price deflation.
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Casino, however, expects the macro-economic situation in Brazil to improve in 2018, and for deflation to ease off.
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Economic output has flip-flopped between expansion and contraction; deflation — a corrosive decline in consumer prices — remains stubbornly entrenched.
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Hard data versus soft data, economic disappointment versus earnings growth, bonds and gold and stocks up, inflation versus deflation.
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Deflation sets in when falling prices prompt people to delay purchases because they expect prices to fall even further.
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Now, seemingly to service President Trump's desire for lower interest rates, Moore is warning about the exact opposite — deflation.
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The policy threatens pensions, creates the risk of real-estate bubbles and doesn't fully quell the specter of deflation.
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Abe said Japan's economy was showing signs of emerging from deflation, with a tightening job market pushing up wages.
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Assuring adequate pressure for stimulus needs to become a priority for the Group of 20, to precaution against deflation.
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Land prices are a key indicator to gauge how much Japan asset prices have recovered after decades of deflation.
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In an interview, the authors said that we're still many years away from value deflation becoming a crippling problem.
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The Fed can help this adjustment process along by boosting the inflation rate (or preventing a burst of deflation).
|
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Economists generally agree that a general decline in prices, or deflation, is more disruptive than a general increase, or inflation.
|
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PwC's Steve Barr pointed to deflation in groceries, gasoline and electricity, which have offset increases in rent and health insurance.
|
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Launched amid fears of deflation, the ECB's quantitative easing scheme depressed borrowing costs and induced firms to borrow and invest.
|
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Weak consumer spending has dogged Japan's economy, which has struggled to achieve steady recovery after decades of deflation and stagnation.
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Abe's government has argued these steps are needed to strengthen consumer spending and eliminate the risk of returning to deflation.
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The report points out that better service, lower gasoline prices, and food price deflation have also contributed to stronger satisfaction.
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In the course of 2016, moreover, fears of deflation and a sharp slowdown in the Chinese economy have steadily faded.
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By comparison, during Japan's longest bout of deflation from mid-1998 to late 2007, real rates averaged plus 1.8 percent.
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Launched amid fears of deflation, the ECB's quantitative easing scheme depressed borrowing costs and induced firms to borrow and invest.
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Woolworths' third-quarter sales rose 2.63 percent, helped by strong domestic food sales even as fruit and vegetable deflation persisted.
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Once seen in Asia as a peculiarly Japanese phenomenon, deflation spread throughout the region's factories in the past half-decade.
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In its outlook for 2016, the Asian Development Bank (ADB) called producer-price deflation the "new spoiler" for the region.
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Abe swept into office three years ago with bold plans to end decades of deflation and bring about sustainable growth.
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Global trade was surging and America booming; China's slide into deflation had been quelled; even the euro zone was thriving.
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Mr Toshikawa reckons he would like to declare an end to Japan's three decades of deflation during his third term.
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In September a rise in producer prices ended nearly five years of deflation, and they surged 5.5 percent in December.
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In fact, gold performed best in real terms (although only as well as Treasury bills) when there was sharp deflation.
|
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In Japan, previous central-bank officials had resigned themselves to mild deflation or even welcomed it, redefining failure as success.
|
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The nation continued to import deflation from China, with the cost of goods imported from that country falling 0.23 percent.
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A declining money supply typically indicates deflation because there is less money to be spent, which causes prices to fall.
|
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Kholifey also told reporters he does not expect deflation in Saudi Arabia thanks to consumer demand and real estate loans.
|
|
Deflation for televisions was 20.2 percent compared to last year, and prices were down 2.1 percent just compared to June.
|
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The forecast includes assumption of generic drug price deflation in the high-single digit range, the company said.(bit.ly/2knrYap).
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DB: First of all of course we first have to cycle from deflation to at least neutral and then inflation.
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Its recent rally has coincided with falling oil prices and renewed fears of deflation that have pushed down interest rates.
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Greece, meanwhile, slipped back into deflation, as consumer prices fell by 0.1% in January (on the European Union's harmonised measure).
|
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The Fed targets 2 percent inflation to protect against deflation, a destabilizing trend that leads to lower prices and incomes.
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The country has suffered deflation since 2014 and consumer prices fell by 0.1 percent on the previous month in December.
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|
Last month, for example, it was -22013 percent, almost identical to the deflation rate of -1.53 percent in February 21.5.
|
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In Brazil, Carrefour's second-largest market after France, the economic climate was improving but sales were hurt by food deflation.
|
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But his problems are very different now, with the ECB bending over backwards to lift prices and ward off deflation.
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Since then, deflation rather than inflation has become the bigger threat to economic prosperity in the United States and Europe.
|
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Israel experienced 28 straight months of year-on-year deflation through to last December, followed by five months of inflation.
|
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In Europe, Unilever's fourth-quarter sales fell 2.3 percent, hurt by weak volumes and continued price deflation in many markets.
|
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Any sign that it is pulling back from its deflation-fighting commitments could roil markets and hurt the fragile economy.
|
|
On Thursday, Kroger's earnings revealed just how competitive the grocery business has been, with food price deflation pressuring profit margins.
|
|
Jack Ewing The Bank of Japan is widely expected on Friday to take new measures in its fight against deflation.
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Granted, it was a small decline over a period of just one month, but when prices fall, that's called deflation.
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Abe took office in December 2012, promising to pull Japan out of nearly two decades of economic stagnation and deflation.
|
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Economic output has flip-flopped between expansion and contraction, and deflation — a corrosive decline in consumer prices — remains stubbornly entrenched.
|
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That's nice for customers, who have been enjoying shop-price deflation, but means that companies will strain to be profitable.
|
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Possibly. Was the deflation the result of cold weather, which was also the culprit in the balls the Patriots used?
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It next reviews policy on March 23, and most economists expect no policy change with falling prices bring about deflation.
|
|
Cramer said these effects come with a dose of deflation, which he argued is worse for the economy than inflation.
|
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MCMULLEN: WELL, ANY TIME YOU'RE TRANSITIONING FROM INFLATION TO DEFLATION AND BACK TO INFLATION, THE ENVIRONMENT IS A LITTLE HARDER.
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There needs to be room in the inflation rate for it to fall in recessions without turning inflation into deflation.
|
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There is no gradual wind-down here, just a sudden deflation, like the circus pulling up stakes in a rush.
|
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They fretted over the cost of prolonging a stimulus that was intended as a quick-hit solution to beat deflation.
|
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"The deflation began with quarter-point interest-rate increases in September and December," Mr. Moore and a co-author wrote.
|
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Former studio chiefs rarely succeed as producers, in no small part because the transition requires a considerable deflation in ego.
|
|
The reaction of the players when we've come off the back of a good morning's work was one of deflation.
|
|
The latest report this week showed US inflation ticking slightly upward, providing some comfort to policy makers worried about deflation.
|
|
The strong currency drives down the cost of imports and raises the risk of a return to deflation, analysts say.
|
|
It was the first time South Korea has recorded deflation on an annual basis since data releases began in 1965.
|
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LOWE'S COMPANIES INC CEO - COMMODITY DEFLATION EXERTED APPROXIMATELY 95 BASIS POINTS OF PRESSURE ON COMP SALES IN Q3 - CONF CALL
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"The Fed is now in the midst of a tightening cycle, ignoring structural deflation, focusing on cyclical inflation," he said.
|
|
People now seem to be listening, and deflation among fresh food products has made eating healthier a more affordable option.
|
|
Richard Bernstein, a celebrated asset allocator who oversees $3.1 billion at investment firm Richard Bernstein Advisors LLC, also told the Reuters Global Markets Forum that U.S. corporate profits reflected economic growth, that equities will outperform fixed income assets in 2017, and that few investors are prepared for a migration from deflation (global deflation ending).
|
|
Inflation has surprised on the upside—a consequence of commodity price rises, perhaps, but a relief for those worrying about deflation.
|
|
The combination of a more tech and service-based economy – than our parents encountered in their early adult lives – encourages deflation.
|
|
In a news conference, ECB President Mario Draghi said "uncertainty prevails everywhere," but added the risk of deflation has largely disappeared.
|
|
"Faced with global risks, we must fully reignite the engine of Abenomics and speed up efforts to escape deflation," he said.
|
|
The ECB official also said if not for the ECB's monetary policy, the euro zone would have seen deflation by now.
|
|
Consumer electronics were a soft spot during the holiday quarter, due to price deflation and a lack of major product introductions.
|
|
Instead of focusing on deflation, global growth risks, a profits recession and diminished expectations, Fed policy may be trumped by Trump.
|
|
The story for 21 is not of inflation running too hot but rather of a welcome easing of fears of deflation.
|
|
Draghi has credited this policy with averting deflation in the euro zone and helping create 11 million jobs in the bloc.
|
|
Draghi has credited this policy with averting deflation in the euro zone and helping create 11 million jobs in the bloc.
|
|
But there's less certainty this deflation will dish savings for the remainder of the year as chains face upward wage pressure.
|
|
HOME DEPOT INC CFO - LUMBER PRICE DEFLATION NEGATIVELY IMPACTED OUR COMP SALES GROWTH BY APPROXIMATELY $340 MILLION IN Q2 - CONF CALL
|
|
The ECB has already announced a slew of measures to tackle fragile growth and deflation, including negative rates and bond-buying.
|
|
Inflation and deflation being the monetary phenomena, they have to be addressed with appropriate degrees of tight or easy monetary policies.
|
|
To stop and reverse price deflation, the monetary policy must create rising capacity and cost pressures in labor and product markets.
|
|
In fact, the economy has been declining and stagnating over the last four years, and is currently experiencing a price deflation.
|
|
But, together with the Bank of Japan, it is at the forefront of a global battle against the threat of deflation.
|
|
While the move was welcomed, Buiter warned that a one-time injection wasn't enough to boost an economy mired in deflation.
|
|
The paper proposes a comprehensive policy package to get the Japanese economy to a higher sustainable growth path and end deflation.
|
|
Strong results at Lowe's rival came despite the second wettest February weather in U.S. history and a deflation in lumber costs.
|
|
HOME DEPOT INC - IGNORING POOR WEATHER IN FEB AND LUMBER PRICE DEFLATION, Q1 COMP SALES WOULD HAVE RISEN 4.5% - CONF CALL
|
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Inflation does not strictly guide the central bank's rate decisions, and January's deflation is unlikely to prompt any change, HSBC said.
|
|
For Democrats, by contrast, there was only deflation and despair -- as Obamacare, the law with nine lives, absorbed a dramatic blow.
|
|
The move highlights the huge skew in the market toward deflation plays rather than those that bet on inflation, BAML said.
|
|
The yen's rapid gains threaten to hurt Japan's export sector and its prospects for defeating two decades of deflation and stagnation.
|
|
Another key item on the conference call will be the impact of food deflation, particularly to the top line and margins.
|
|
In fact, the U.S. is joining the rest of the world in a persistent pattern of alternating deflation and disinflation ("lowflation").
|
|
The weaker pound could also spell an end to food price deflation which has held back sales for British supermarket chains.
|
|
Aggressive "Abenomics" policies since early 20153 have not yet convincingly broken the economy out of deflation or demonstrably raised potential growth.
|
|
Take the example of Japan, which has spent decades in an increasingly expensive and acrobatic attempt to battle recession and deflation.
|
|
Japanese and European central banks, by contrast, are seen as adopting more stimulative policies to stave off deflation and generate growth.
|
|
"Kuroda's bazooka stimulus was intended to be a quick-fix solution to deflation," said Izuru Kato, chief economist at Totan Research.
|
|
Alternatively, if deflation becomes established in the euro zone, investors might make money in real terms (ie, adjusted for price movements).
|
|
They're taking advantage of the price deflation in apparel and tend to spend more on restaurants and experiences, according to Telsey.
|
|
The programme started in earnest late in August 1985; by early September a five-digit inflation rate had flipped to deflation.
|
|
Abe took office in late 2012 with a bold plan to shake off 15 years of deflation and sub-par growth.
|
|
Despite more aggressive efforts since 2012 to pull the economy out of deflation, consumer prices remain in a growth-sapping slump.
|
|
Doubts about central banks' ability to avoid deflation and stimulate economic growth have now pushed the U.S. benchmark S&P 500 .
|
|
But Europe was then gripped with fears of sovereign debt defaults; the economy stagnated; and investors and corporate managers feared deflation.
|
|
Compared with the previous month, the deflation rate stood at 0.5 percent in August, narrowing sharply from 2.3 percent in July.
|
|
"With deflation risk clearly off the radar, the main rationale for employing the APP has therefore ceased to exist," he said.
|
|
Luckily, there's an ego-deflation mechanism built into the system, and it is in the form of many, many rejection emails.
|
|
Brady apparently deflates footballs to suit his taste and then, maybe, smashes up the cellphone that contains evidence of said deflation.
|
|
That stretch of laundry deflation ended last year, shortly after President Trump imposed tariffs, starting at 20 percent, on imported washers.
|
|
Once stores worked their way through models that had been imported before tariffs hit, deflation gave way to sharp price increases.
|
|
You can't understand Brexit or the 2016 events unless you understand that China exported their deflation, they exported their excess capacity.
|
|
But it would be counterproductive to fret about future price increases rather than the immediate threat of deflation and economic depression.
|
|
In his remarks, Mr. Draghi highlighted the success of European Central Bank policies in increasing jobs, spurring growth and stopping deflation.
|
|
Of the nine groups of goods and services surveyed, three registered outright deflation in February from the month before, IBGE said.
|
|
Years of deflation and fitful growth punctuated by recessions ended the expectations of pay raises as unions focused on preserving jobs.
|
|
The ECB has credited these extreme measures with staving off the economic threat of deflation, or a sustained fall in prices.
|
|
After all, living standards in Japan have remained high and improved even during the decades-long battle with recession and deflation.
|
|
"We'll deploy all available policies so that we can declare an end to deflation at the earliest date possible," Abe said.
|
|
"Remember that equities are an inflation hedge and bonds are a deflation hedge until inflation rises above 3 percent," Garthwaite said.
|
|
The ECB has unleashed unprecedented monetary stimulus in recent years to boost the economy and fight off the threat of deflation.
|
|
Nakaso also said monetary easing and structural reforms were both needed for Japan to eradicate deflation and achieve sustainable economic growth.
|
|
Even Japan's longtime economic bugbear — persistent wage and price deflation — has eased, with both consumer prices and incomes showing modest gains.
|
|
Last, FDR's drive to fight deflation also led him to create the Agricultural Adjustment Administration and the National Industrial Recovery Act.
|
|
HOME DEPOT INC CEO - WITHOUT LUMBER PRICE DEFLATION, OUR AVERAGE TICKET GROWTH WOULD HAVE BEEN CLOSER TO 3% IN Q1- CONF CALL
|
|
To fight off deflation, the central bank has cut interest rates to zero and launched a massive but controversial bond-buying programme.
|
|
As food deflation makes it cheaper to cook at home, these customizable cutting boards will add a personal touch to her kitchen.
|
|
Taking into account the volatility of prices for fruit and vegetables, there may be deflation in certain weeks this month, it said.
|
|
Scientists countered with evidence that the results were consistent with the standard amount of deflation one would expect on a cold night.
|
|
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday the country's economy was making "small but steady progress" in beating deflation.
|
|
The Fed aims to accomplish those goals primarily by setting interest rates at a level that will prevent runaway inflation or deflation.
|
|
On March 9th Mario Draghi, boss of the European Central Bank (ECB), proudly declared that the risk of deflation had "largely disappeared".
|
|
Since worries about China and deflation receded, spending on things that show some faith in future income has indeed begun to stir.
|
|
Finance chief Trevor Strain said deflation had eased from 1.0 percent in its third quarter to 13 percent in the Christmas period.
|
|
Five years on, Abe's government can point to some signs that his strategy is finally fostering stronger economic growth and defeating deflation.
|
|
The BOJ has already revamped its policy framework in September, adopting an approach better suited to a long-term battle against deflation.
|
|
"So far, current deflation is not having a negative impact on businesses' decisions," the Monetary Policy Council (MPC) said in a statement.
|
|
When you've got-- ANDREW ROSS SORKIN: But just to be specific then, when – your call for deflation was strictly about commodity prices?
|
|
Japanese banks themselves escaped relatively unscathed, owing to defences built during the 1990s, when the country struggled with deflation and excessive debt.
|
|
Asia's central bankers can also take some comfort in the rising prices: they suggest that the threat of deflation might be receding.
|
|
Wal-Mart has struggled in the U.K., as food deflation and a hyper-competitive low-price environment have eaten into its revenue.
|
|
Billions of online transactions are tracked on a daily basis by Adobe and show that deflation is rampant across several consumer categories.
|
|
The strong dollar has resulted in the country importing deflation,helping to hold inflation persistently below the Federal Reserve's 2 percent target.
|
|
A strong dollar has resulted in the country importing deflation, helping to hold inflation persistently below the Federal Reserve's 2 percent target.
|
|
What does it feel like to play the first female president following the deflation of that dream after the last presidential election?
|
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In the case of the U.S. it can lead to a wave of deflation coming from cheaper goods produced in foreign countries.
|
|
Abe also said that if the BOJ had not launched its quantitative and qualitative easing programme, Japan would still be in deflation.
|
|
Cheaper oil also prompted a flirtation with price deflation in the middle of 2015, making workers less inclined to demand pay rises.
|
|
We believe price deflation will ease over the next 12 months, but will not disappear, as discounters continue to build market share.
|
|
"In large parts of the world, we deal with deflation," he said, adding that deflationary pressure was now seeping into oil markets.
|
|
Four photos that portray a tall grain silo in various states of deflation are an unmistakable comment on the irony of sex.
|
|
"The deflation trade resurfaced, which means money flows back to the insurers like AIG, MetLife, and Allstate will always do, " Cramer said.
|
|
The weekly jump came after gains in oil eased some of the deflation concerns in the developed world earlier in the week.
|
|
"It's clear that the deflation risk is now off the table and that is also being acknowledged by financial markets," he said.
|
|
But officials refrain from using the word deflation, preferring to focus on core inflation instead, which strips out oil and accommodation costs.
|
|
The BOJ has deployed massive monetary stimulus since 2013 in the hope the public's perception of deflation will shift, with little success.
|
|
If there is significant currency weakness for the Yuan that will mean more imported deflation and it will make things more difficult.
|
|
Prices of imported products were down 6.2 percent in the 12 months through March, suggesting import deflation will linger for a while.
|
|
The cost of wedding favors notched another decline in 2015, making it the only category tracked by The Knot to experience deflation.
|
|
Villeroy said the euro zone was not in deflation, though inflation had turned negative in February, dragged down by tumbling oil prices.
|
|
ECB President Mario Draghi has made clear that avoiding deflation and getting euro zone inflation back up to its target takes priority.
|
|
In addition, the UK market has continued to experience price deflation and strong competitive pressures, leading to a high level of promotions.
|
|
Despite this, deflation remains a distant dream for shoppers: the price of consumer staples is still rising by over 5% a year.
|
|
The rebound in commodities has helped sentiment towards emerging markets and pushed up inflation expectations (crucially, investors seem less concerned about deflation).
|
|
A recent rise in the value of the yen, after several years of weakness under Mr. Abe, has made beating deflation harder.
|
|
Oil and interest rates, some say, are rising in tandem because of strong global growth and a receding risk of financial deflation.
|
|
Against this backdrop, euro zone yields steadily moved higher, shrugging aside data that showed the region slipped back into deflation in April.
|
|
But core consumer prices rose just 0.4 percent in June from a year earlier, underscoring the challenge policymakers face in beating deflation.
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"Either people with money will be taxed heavily ... or we'll have a massive deflation in asset prices — I repeat: massive," he warned.
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In Greenspan's time, technological disinflation, and financial deflation, pushed yields lower without implying a slowdown in growth, at least for some time.
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Coles's margins were further squeezed by "significant" produce price deflation in the September quarter, mostly driven by a bumper vegetable-growing season.
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Injecting more dollars into the economy would stop deflation immediately, just as reducing the supply of dollars is the antidote to inflation.
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But technological deflation is making a comeback, which will limit price increases in consumer goods and services for many years to come.
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Amari said Japan's monetary policy is aimed at beating deflation because the nation needs to revive the economy and restore fiscal health.
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Escaping the trap, known as deflation, has been a central goal for Prime Minister Shinzo Abe, who appointed Mr. Kuroda in 2013.
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Many central banks, including the Bank of Japan and the European Central Bank, adopted negative rates to combat deflation and low growth.
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"The trading environment in the U.S. remained challenging with ongoing price deflation and competitive pressures," CEO Dick Boer said in a statement.
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The results were weaker than in previous quarters, partially due to food deflation in Brazil, which continues to weigh on grocers margins.
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Helping sentiment was data showing consumer and producer prices were rising in China, thus reducing the danger of deflation across the globe.
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For most of the 19th century, the United States had free banking, a gold standard, no central bank, and enjoyed gentle deflation.
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The example making its way around the media is Moore's insistence that an economy is in deflation if some prices are falling.
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"What initially only looked like an order book deflation at high levels has become an industrial slump," Carsten Brzeski from ING said.
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So if we are entering into a market where we see some sort of deflation in prices, that'll be good for us.
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As the world moved into recession, global imbalances faded into the background and financial crisis and deflation became the problems du jour.
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Some policymakers are keen to declare an end to deflation, which would help Abe argue his policies succeeded in reflating the economy.
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HOME DEPOT INC EXEC - DURING Q3, COMMODITY DEFLATION IN LUMBER AND COPPER NEGATIVELY IMPACTED AVERAGE TICKET GROWTH BY APPROXIMATELY 80 BASIS POINTS
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Last quarter, when Home Depot trimmed its full-year revenue outlook, it cited potential tariff impacts and lumber deflation as contributing factors.
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The business had a "small" decline in comparable sales and was pressured by price deflation for meat, milk and other food items.
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After the collapse of Lehman Brothers in 2008, deflation hit the United States and Europe hard, causing acute economic and social dislocation.
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Both Prime Minister Shinzo Abe and BOJ Governor Haruhiko Kuroda have been at pain to stimulate growth and defy expectations of deflation.
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I mean, as you see the economy continuing to expand, as you see the fact that, once again, no evidence of deflation.
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If you expand your grid, you can increase the total number of solar panels you can install before value deflation starts biting.
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Nevertheless, deflation risks could re-intensify in case of adverse shocks increasing the real debt burden in the public and private sectors.
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The decades of tepid growth and deflation that followed have tempered expectations about the economic future and Japan's place in the world.
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The point has to do with pricing, inflation and deflation, related to cash flow how to look at the price and returns.
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In the late 1800s in the in the industrial revolution we had three percent deflation and we are growing at eight percent real.
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Zuercher also pointed to forecasts for producer prices to grow after as many as five years of deflation across Asia, particularly in China.
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While American shoppers never complain about low prices, central bankers fear deflation because it can turn into a spiral that's difficult to escape.
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Roubini's group said SNB remained comfortable with developments in the real economy but was not happy about the deflation that Switzerland is experiencing.
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"What China can really do this year is to prevent deflation, prevent a recession and a hard landing in the economy," Chen said.
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Despite heavy promotions and deflation, Wal-Mart, Target and Best Buy were still able to grow their margins during the three-month period.
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And people close to the governor say he would not hesitate to pull the trigger on further easing if needed to beat deflation.
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But he expressed concern that inflation could fall even further — or prices could even begin to fall, a disastrous economic situation called deflation.
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That is largely due to expectations that the European Central Bank is likely to keep rates low to fight deflation and sluggish growth.
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"We are still half-way but we have created a situation that is no longer seen as deflation," Abe told a news conference.
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As unemployment rose, as the recession kicked in, the natural-rate theory would predict inflation to collapse, possibly to the point of deflation.
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DON'T look now, but after years of lingering on the brink of (or in) deflation, rich economies are heading in a different direction.
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At the last inflation reading in March, the euro zone was again in deflation territory with prices falling 0.1 percent year-on-year.
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In 2013, he deployed a massive asset-buying program to break Japan out of deflation and accelerate inflation to his 2 percent goal.
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Removing it altogether signals a departure from the BOJ's approach of shocking the public out of deflation with a huge blow of stimulus.
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" Based on his study of the data, Leonard now says: "I am convinced that no deflation occurred and that the Patriots are innocent.
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Overall, restaurant margins are expected to decline in second quarter 22017 as weaker comp growth and wage inflation more than offsets commodity deflation.
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The survey also found that 79 percent of companies were worried that consumer prices could return to deflation either this year or next.
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Renowned bear Albert Edwards at Societe Generale in London said a further devaluation of China's currency will result in "global deflation and recession".
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Abenomics has succeeded in stemming deflation during a difficult few years when many other big economies looked in danger of succumbing to it.
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Germany's consumer price index edged up by 0.1 percent in May after falling by 0.1 percent in April, marking an exit from deflation.
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In the past few weeks business orders have declined, imports have fallen unexpectedly and weak price data have raised the spectre of deflation.
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The ECB's stimulus has helped pull the euro zone back from the brink of deflation, with price growth now comfortably above 1 percent.
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"I think he would place emphasis on getting Japan out of deflation," said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management.
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Fading producer price deflation points to stronger Chinese nominal growth, noted Shane Oliver, head of investment strategy and chief economist at AMP Capital.
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China's consumer inflation barely edged up in December while companies' factory-gate prices continued to fall, adding to concerns about growing deflation risks.
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For example Japan has marked its longest economic expansion since the 1980s but wage increases have remained elusive amid long stretches of deflation.
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Where they differ: When it comes to appliances, the CPI showed 0.4 percent inflation in February, while Adobe's index saw 1.3 percent deflation.
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Upscale grocer Whole Foods also blamed competition and deflation when it reported its fourth straight quarter of same-store sales decline in July.
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But as Mr Blanchard and Mr Posen point out, years of deflation have enriched Japanese bondholders at the expense of the country's taxpayers.
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Nevertheless, the solace offered by Wall Street is that another 22016-style deflation and depression is impossible because banks are now better capitalized.
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He has tried to reinvigorate the world's third-largest economy and slay years of on-and-off deflation through his trademark "Abenomics" program.
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They also assume Australia will dodge the deflation that so bedevil Europe and Japan, with inflation seen rising to 2.4 percent over 2017.
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"Singapore faces structural headwinds from the '3D' problem of debt, demographics and deflation," Morgan Stanley said in its ASEAN outlook report this week.
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The SNB, Riksbank and ECB have been grappling with the threat of deflation and have tried to weaken their currencies to boost prices.
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Combined with overall food price deflation, these trends have contributed to Whole Foods posting same-store sales declines for the past six quarters.
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Japan has been mired in deflation for nearly two decades as households sit on a pile of cash on uncertainty over the outlook.
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To be sure, we don't know what might have happened in the absence of government and Bank of Japan recession and deflation fighting.
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A Japanese government spokesman said Abe and Bernanke discussed what steps are necessary for Japan to end deflation and achieve sustainable economic growth.
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Finance Minister Taro Aso said it's natural that monetary and fiscal policy should work as one to pull Japan out of deflation completely.
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The country's officials have been trying to break this stubborn pattern of deflation by pumping money into the economy and bolstering public spending.
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Consumer inflation cooled, but production price deflation eased markedly, reducing some of the strains on Chinese companies which are battling shrinking profit margins.
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Inflation and wages QE has staved off the threat of deflation and headline inflation is now at the ECB's near-13 percent target.
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Executives said that deflation and competition pressured revenues, and that Whole Foods planned to step up its advertising, particularly over Thanksgiving and Christmas.
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Yet the Fed seems to be doing everything in its power to undermine growth, and has set us on a path toward deflation.
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The BOJ has sought to boost economic activity and dispel decades of deflation by flooding the system with cash through massive asset purchases.
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The stimulus program represents a redoubling of Mr. Abe's effort to promote growth and crush deflation, which has dogged Japan since the 1990s.
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Over the years, I've done a lot thinking and writing about challenges faced by Japanese monetary policymakers in their attempts to combat deflation.
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In a legally-mandated open letter, the central bank blamed missing the target on food deflation in the wake of a record harvest.
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The readout from markets is clear -- the European Central Bank must act, and quickly, to head off deflation expectations before they take hold.
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But marital strife has a way of undoing hubris, and Jay-Z's public arc has lately been defined by a kind of deflation.
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But he stressed the BOJ's resolve to maintain its massive stimulus programme, and defended its ultra-easy policy as having helped eradicate deflation.
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Milder price deflation was partly supported by a recovery in petroleum, coal and other fuel processing industries, the NBS said in a statement.
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Geopolitical instability, such as open conflict with North Korea, could work in the opposite direction and push the world economy back toward deflation.
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Those trends are the killer D's, according to Yusko: bad demographics in the U.S., Europe and Japan and too much debt and deflation.
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There are several technical reasons, but a more fundamental reason is to create a buffer against the opposite of inflation — that is, deflation.
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"If I were offered the job, I would try to encourage the Fed not to make inflation a fear factor because deflation, as Stephen Moore had pointed out in a great article that he wrote along with another economist, deflation is more of a fear factor than inflation," Mr. Cain said in a February interview with the Fox Business Network.
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Investors were worried about a slowdown in same-store sales, thanks to gasoline deflation, and Costco's credit card transition to Visa from American Express.
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We think its willingness to loosen monetary conditions to keep long-term inflation expectations anchored is one reason the eurozone can avoid prolonged deflation.
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Japan Prime Minister Shinzo Abe's program to boost the country's long-moribund economy out of decades of deflation, dubbed Abenomics, was introduced in 2013.
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FRANKFURT (Reuters) - The European Central Bank no longer sees a risk of deflation in the euro zone, ECB President Mario Draghi said on Thursday.
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Yet even as shelves are stocked with less merchandise, deep discounts and price deflation will make it challenging for retailers to record sales gains.
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The latter have been consistently low for much of the past 20 years, as the Japanese economy became mired in slow growth and deflation.
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Meanwhile other central banks are trying to combat very low inflation and, in the euro zone, deflation, by cutting interest rates to record lows.
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Headline consumer price inflation rose out of deflation territory, while oil's bounce off 2016 lows should pose less near-term risk to general prices.
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Let's add to that comments this week from Japanese Prime Minister Abe hinting at further stimulus to support the domestic economy and fight deflation.
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In the more than three years since the policies have been operational, the radical program has yet to lift the country out of deflation.
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That was its lowest level since 2016 -- a year the ECB ramped up asset purchases and cut rates to record lows to fight deflation.
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The start of 2016 was marked by nervousness about the Chinese economy, the speed of monetary tightening in America and the risks of deflation.
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China's factory prices have been falling since March 2012, and more than four years of producer price deflation have squeezed industrial companies' cash flow.
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The move in prices for the venerable gastronomic delight is a glaring indicator that while inflation gets all the headlines, deflation is important, too.
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Food, though traditionally not sexy, is still the world's biggest industry and is ripe for new changes — and already is experiencing wide-scale deflation.
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And central banks still have some purchase on inflation: if they raise rates too much, they might entrench today's low inflation, or risk deflation.
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The report's authors blamed costly challenges including the transfer of assets within families, commodity price deflation and an appreciating US dollar for the losses.
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Financial markets have plunged amid slowing global growth and several central banks are using negative interest rates to avoid deflation and stimulate economic activity.
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While the survey suggested maintaining low inflation would eventually raise consumer confidence, Boockvar said lower-income households would prefer small deflation to offset costs.
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Central bankers are already struggling to get inflation up to target, and a lower Yuan will push deflation on the rest of the world.
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It is still early days for the global negative rate experiment, pursued by policymakers grappling with low inflation and even the threat of deflation.
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Prime Minister Shinzo Abe is trying to enact labour reforms as part of his "Abenomics" plan to end decades of stagnant growth and deflation.
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But with dollar depreciating against the currencies of the United States' main trade partners recently, some economists did not expect import deflation to continue.
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According to the US Food and Drug Administration, some of the most common complications after breast augmentation surgery are rupture, deflation, scarring, or pain.
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Producer prices, in particular, saw a stunning turnaround, emerging in September from nearly five years of deflation and helping to boost reflationary pressures worldwide.
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The global packaged food industry is grappling with slowing growth, new competition from upstart brands, deflation in developed markets and more health-conscious consumers.
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New Zealand, like most of the Asian region is struggling with tepid inflation or even deflation as too many goods chase too little demand.
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It has been a month since their last encounter and much has changed since then, including the deflation of Ben Carson's once-buoyant campaign.
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Mr Blanchard noted that the old "accelerationist" (ie, wage-price spiral) model seems broken; high unemployment after the crisis did not lead to deflation.
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Moreover, future interest rate hikes by the Federal Reserve and the spread of producer price deflation across Asia also pose risks, the report added.
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Judge Denny Chin further said that the cellphone destruction was not a separate issue but was a further step in the ball-deflation plot.
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Though Britain's grocery market has seen two years of deflation, Lewis noted inflation coming through in some areas, calling out pork as an example.
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Only last year did the spectre of deepening deflation allow Mr Draghi to argue there was an urgent monetary-policy justification for bond-buying.
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But when deflation proved to be too much for even that, they had to go even further, and generate all new liquidity above that.
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Prime Minister Shinzo Abe is trying to enact labor reforms as part of his "Abenomics" plan to end decades of stagnant growth and deflation.
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Glapinski has previously said Poland should not cut interest rates despite deflation because lower rates would weaken the banking sector and threaten financial stability.
|
|
During the second quarter, Dollar General said that combined with food deflation, these cutbacks dented its same-stores sales between 0.6 and 0.7 percent.
|
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Monetary policies aimed at ensuring financial stability could worsen the low policy rate environment, which could raise deflation risks, Cho told reporters on Wednesday.
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"The bond market — more than $15 trillion of negative yielding bonds — is telling us a very high risk of disinflation, not deflation," he said.
|
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Japan's retailers are coming under pressure as efforts by the government and the Bank of Japan to spur consumer spending and counter deflation falter.
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As we learned during the Great Depression, deflation can be even more destructive than inflation, as it leads to a shrinkage of the economy.
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This has to heighten the chances that the Japanese economy will again experience a meaningful economic recession and deflation over the next few quarters.
|
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We don't need to love these disillusioned hot shots, but a touch more humanizing specificity would make the deflation of their dreams more affecting.
|
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Factory gate prices also declined for the first time since January, which could rekindle worries about deflation and prompt more aggressive stimulus from Beijing.
|
|
"We have a deflation risk," Ignazio Visco, a council member and the governor of Italy's central bank, said at the Frankfurt conference on Thursday.
|
|
But, in recent years, the Bank has shown great resolve, and while the results have generally been positive, deflation has not been decisively vanquished.
|
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"Deflation will remain in September, but it will be substantially reduced before the end of the year," the central bank said in a statement.
|
|
But that doesn't mean we shouldn't be aiming to achieve 2 percent inflation ... There's no clear link, theoretically and practically, between demographics and deflation.
|
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The backstory to this situation is the threat of a sustained decrease in the average prices of goods and services, also known as deflation.
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"'Deflation,' first of all, means an absolute decline in prices, and not merely a decline in the rate at which prices increase," Selgin wrote.
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If moderate inflation is so much more desirable than no inflation or deflation, why not just be bold and stoke the fire in earnest?
|
|
But when inflation turns negative — that would be deflation, meaning the purchasing power of a currency rises over time — it can also be disastrous.
|
|
Weak inflation raises the risk of economy-damaging deflation, so the central bank aims to keep prices growing at a slow and steady rate.
|
|
Real interest rates will likely move higher because of disinflation or deflation from lower oil and commodity prices, economic weakness and more credit problems.
|
|
But if you compare the same set of goods, he said, "there is massively more deflation" online — by as much as 2.5 percentage points.
|
|
Pockets of continued high joblessness remain in places such as Spain and Italy but, for the most part, missing deflation has become missing inflation.
|
|
Retail Price Deflation: Revenue from Wesfarmers' Coles supermarket business is exposed to deflationary risks owing to ongoing price-based competition with major competitor Woolworths.
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The euro zone just escaped deflation in June for the first time in five months, with prices up 0.1 percent on a year ago.
|
|
The European Central Bank's asset purchase programme should help underpin inflation expectations, and supports our base case that the eurozone will avoid prolonged deflation.
|
|
"Excess liquidity to combat deflation continues to fuel twin bubbles in scarce 'yield' & scarce 'growth' assets," Hartnett wrote in a note to clients Friday.
|
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The government looks at several factors, such as inflation data and the output gap, in determining whether the economy is sustainably out of deflation.
|
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In an interview with the Nikkei last November, Wakatabe said the BOJ needs stronger measures to beat deflation and should accelerate its asset purchases.
|
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The Bank of Japan has been fighting deflation for over 20 years, first cutting interest rates to a then-unprecedented 0.5 percent in 1995.
|
|
But instead of consumer price deflation and a savings-based era of supply-side reinvestment, the Greenspan Fed opted for a comprehensive Inflation Regime.
|
|
"There is no probability of deflation, there is very low probability of recession, there are no threats of de-anchoring of inflation expectations," Draghi said.
|
|
Like Shirakawa, who faced frequent grilling by lawmakers for doing too little too late to beat deflation, Kuroda is now summoned to parliament almost daily.
|
|
Abe swept to power in late 2012, pledging to pull Japan's economy, the world's third largest, out of nearly two decades of deflation and stagnation.
|
|
However, the night of September 2820 saw a small deflation of Kilauea's summit, leading to the lava lake dropping 10-15 meters (33-49 feet).
|
|
However, overall inflation remains very low and the euro area slipped back into deflation in April, with prices declining on the year by 0.2 percent.
|
|
Expectations of more rate cuts combined with the threat of deflation and a fall in global bond yields have driven local yields to historic lows.
|
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Ebbing deflation fears, prospects for better earnings later this year and improving world economies are all reasons to believe U.S. stocks should climb, he said.
|
|
A former economic adviser to Abe echoed Hagiuda's caution, saying the higher tax should be shelved until the economy signals a decisive end to deflation.
|
|
That was its lowest level since 2016 -- a year the ECB ramped up asset purchases and cut rates to a record low to fight deflation.
|
|
Jim O'Neill, former chairman of Goldman Sachs Asset Management, told Wednesday that two decades of deflation could come to an end with the new president.
|
|
"In an environment marked by deflation and low raw material prices, we continued to privilege volume growth," Chief Executive Paul Bulcke said in a statement.
|
|
In the case of the 1920s, France was widely blamed for contributing to the Depression by exporting deflation to those countries sharing gold as currency.
|
|
Japan, long locked into deflation, added to its stimulus campaign last week and analysts fully expect the Bank of England to resume easing on Thursday.
|
|
That was its lowest level since 2016 — a year after the ECB ramped up asset purchases and cut rates to record lows to fight deflation.
|
|
PEOPLE WANT TO WRITE THIS SCRIPT, THAT IT IS INVESTORS WARMING TO A PRO GROWTH PLAYBOOK WHERE WE'VE GONE FROM DEFLATION SCARE TO INFLATION STORY.
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Its DWS, or Deflation Warning System, uses simple sensors to measure the rotation speed of a tire, which increases as it deflates and gets smaller.
|
|
The retailer was also able to defy deflation in the 4K TV category, which is becoming less expensive as the product is more widely distributed.
|
|
Dollar General estimates this reduction, along with deflation in food products including milk and eggs, weighed on its comparable sales by 0.6 to 0.7 percent.
|
|
But for a country that has suffered from almost 30 years of on-and-off recession and deflation, it holds out the prospect of deliverance.
|
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Investors should avoid grocery companies' shares in the short term due to the likelihood of more food price deflation into next year, according to Oppenheimer.
|
|
Defined benefit pension plans don't, as a rule, have any provision which says that the saver will get less if deflation makes money worth more.
|
|
U.S. import prices rose in September as the cost of petroleum and a range of other goods increased, suggesting import deflation was starting to ebb.
|
|
Still, many analysts suspect the currency will be allowed to drift lower over time both to help underpin exports and fight deflation risks at home.
|
|
At the same time, a world not long ago on the cusp of deflation now finds itself worried about things going in the other direction.
|
|
Producer price deflation had been slowing in recent months as commodity prices have come off their lows and a recovery could signal improved corporate profitability.
|
|
Some 35 percent of firms see deflation gone in the latter half of the year, while 6 percent see it ending in the first half.
|
|
Also in focus was China's factory-gate inflation, which slowed to its weakest pace since September 2016, raising concerns of deflation as domestic demand cools.
|
|
Israel has been in a deflation trend since September 2014 amid lower global oil prices, with its annual inflation rate at -0.6 percent in January.
|
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The firm said the decline was driven by food price deflation but highlighted like-for-like transaction growth across all channels and total volume growth.
|
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But I look into history, whenever the Fed's focused on a stable dollar, when they fight inflation or deflation effectively, that's when our economy grows.
|
|
This has been, throughout monetary history, an extremely rare phenomenon, but it is becoming increasingly commonplace, as the world fights both recession and deflation simultaneously.
|
|
The fall in producer prices marked the 45th consecutive month of price deflation, due in part to ongoing weakness in manufacturing activity and sluggish demand.
|
|
In many countries, especially in Europe, fiscal policy did less than monetary policy to combat recession and deflation after the financial crisis a decade ago.
|
|
The sampled banks' average capital ratio increased by 20bps-30bps in August due to deflation of FX-denominated risk-weighted assets stemming from rouble appreciation.
|
|
While QE helped the world avoid a deep and protracted slump, it has not delivered strong and sustainable growth or banished the specter of deflation.
|
|
The BOJ has deployed massive monetary easing, with its huge bond-buying part of this scheme, in a bid to lift Japan out of deflation.
|
|
Weak inflation, and possible deflation - when consumer prices start to fall -- have been hot topics for the last few years in the global investment community.
|
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"We expect deflation to continue this year," World Bank senior economist for Zimbabwe Johannes Herderschee said during a presentation of the bank's outlook on Zimbabwe.
|
|
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank would "patiently" maintain its ultra-easy monetary policy to beat deflation.
|
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The BOJ has repeatedly blamed drops in commodity prices for its inability to kickstart meaningful inflation in an economy that has long struggled with deflation.
|
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After Prime Minister Shinzo Abe took office in 2012, he introduced strong measures to seek to raise the value of assets and to end deflation.
|
|
"Ocado is benefiting from its tie-up with Morrisons and pre-tax profits are increasing, albeit at a slower rate, despite price deflation," he said.
|
|
Retailers that cater to middle-income shoppers faced even more headwinds, including price deflation and a shift in consumer spending toward dining out or travel.
|
|
The central bank acknowledged that the months-long period of food deflation, as well as slower industrial price hikes, could drive slower-than-expected inflation.
|
|
Though the number of funerals is rising, the average cost, once over ¥2m, is falling—deflation and competition are as fierce as in other sectors.
|
|
The ECB has adopted an ultra-loose monetary policy in order to ward off deflation, strengthen the region's fragile banking sector and reflate the economy.
|
|
The Fed stands apart from central banks from Japan to Europe, which have been easing as they attempt to stimulate growth and stave off deflation.
|
|
Wal-Mart's U.S. Chief Executive Greg Foran said comparable sales in food and grocery improved during the quarter on lower food deflation, without sharing details.
|
|
Japan has failed to pull the economy sustainably out of deflation despite flooding markets with cash for two decades under an ultra-loose monetary policy.
|
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For a graphic on the Bank of Japan's battle with deflation click here Additional reporting by Takahiro Okamoto and Lisa Twaronite; Editing by Sam Holmes
|
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The Bank of Japan has been battling deflation, low growth and fallout of the property and stock market crashes for nearly quarter of a century.
|
|
Officials at the Bank of Japan, above, meet Friday to come up with more ways to try to end its country's long bout with deflation.
|
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"I do think that there is no inflation is yesterday's story, and this idea of global deflation, that story is ancient, ancient news," he added.
|
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The Aussie has been in demand as many central banks across the globe keep monetary policy ultra-easy to ward off deflation and support growth.
|
|
Instead, the prime minister highlighted how the economy was "no longer in deflation" thanks to coordination between the government and the BOJ, according to Reuters.
|
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"We're seeing some positive moves toward an end to deflation," Shinichi Uchida, head of the BOJ's Nagoya branch in central Japan, told a news conference.
|
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If a substantial buyer sells, the U.S. would want someone else to buy its debt; however, with global deflation, that would be hard to do.
|
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Her writing can occasionally bring to mind Michel Houellebecq's in its deadpan deflation of consumer society and our helplessness in the face of its predations.
|
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Government efforts to end two decades of deflation depend on more people shifting savings to more productive assets such as stocks via banks like Nomura.
|
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"If China had a very significant and prolonged devaluation it would in essence spread deflation around the world," Wheeler told reporters at a press conference.
|
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"There can only ever be so many bitcoin supplied so if demand grows and you have a limited number, there's deflation and volatility," Glover said.
|
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There was a bit of a false dawn there, as overall growth finally returned in 2014-2015, and the risk of deflation seemed to recede.
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Not noticing that Japan's money supply doubled from 2628 to 28503 without ending the country's deflation, Moore maintained his warnings about impending inflation until recently.
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But it's true that it's taking a significant amount of time to eradicate the deflationary mindset that beset the economy during 15 years of deflation.
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Unemployment is at a multidecade low, the stock market is buoyant, and even the country's longtime economic nemeses — persistent wage and price deflation — have eased.
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China's exports fell 17.2% in the first two months from a year earlier, while slumping demand pushed producer prices back into deflation, recent data showed.
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"There is no probability of deflation, there is very low probability of recession, there are no threats of de-anchoring of inflation expectations," he said.
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Abe began a second stint as prime minister in 235.6 promising to reboot the deflation-plagued economy with his "Abenomics" policies and to bolster defense.
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"The Fed is sucking the oxygen out of the economy and has created an economically debilitating deflation," Mr. Moore said in an email this month.
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Miners were trending lower as copper prices slipped following as China reported a second month of production deflation, pointing to weakening demand for industrial goods.
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Desperate to stimulate growth and end decades of deflation, the Bank of Japan has embraced negative interest rates and bought up mammoth volumes of bonds.
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Prices of imported products were down 22.5 percent in the 12 months through March, the smallest gain since December 2014, suggesting import deflation was ebbing.
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The SNB's foreign currency purchases are designed to prevent deflation and prevent Swiss products from being priced out of foreign markets by the franc's appreciation.
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Dudley was asked about negative policy rates which are being used by the European Central Bank and Swiss National Bank right now to combat deflation.
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The euro zone slipped into deflation — defined as when prices fall for a protracted period — at the end of 2014 before making a limp recovery.
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Investors fear that the world is turning into Japan, with a torpid economy that struggles to vanquish deflation, and is hence prone to going backwards.
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Is recovery (as Emma first sees it) a cult of ego deflation or (as she later sees it) a spiritual and medical response to trauma?
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At the same time, Japanese and European central banks are seen as adopting more stimulative policies in an effort to stave off deflation and generate growth.
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Her car was equipped with run-flat tires, designed to resist deflation when punctured, so she was able to exit the highway and make it home.
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"(The) oil price is the 'poster child' for victory of deflation," analysts at Bank of America Merrill Lynch said in a note of weekly investment flows.
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The sampled banks' average capital ratios increased by 20bp-30bp in September mainly due to deflation of FX-denominated risk-weighted assets stemming from rouble appreciation.
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The euro zone showed a mixed picture of economic health today, with solid growth and falling unemployment, but consumer prices yet again dipping into deflation territory.
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A slow economy, weak stock market and growing signs of deflation hardly add up to ideal conditions to raise interest rates in economist David Rosenberg's book.
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Prior to 2004 the American economy was struggling through a jobless recovery, flirting with deflation: hardly an ideal environment in which to raise interest rates substantially.
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"As we look at the market and as we predict forward we still see some deflation in the market place," Chief Executive Dave Lewis told reporters.
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In its long battle against deflation, it pioneered "quantitative easing"—buying vast amounts of government bonds—which depresses longer-term rates and thus banks' lending margins.
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The Bank of Japan, desperate to beat deflation once and for all, has said it will continue its massive monetary stimulus until inflation approaches 2 percent.
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That is a big change from the start of 2016, when investors were preoccupied by the state of the Chinese economy and the threat of deflation.
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Iwata echoed Ishihara's comment, saying monetary policy has "contributed to pulling Japan out of deflation" although the bank has not met the 2 percent price target.
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Inflation ended 2017 below the target range for the first time ever, mostly because of an unexpectedly steep food price deflation driven by a record harvest.
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Yet that number was down 2.3 percent from the prior-year period, as the department store players continue to get squeezed by competition and price deflation.
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The end of deflation is likely to dash any lingering expectations of further cuts in Chinese interest rates or banks' reserve ratios, economists at ANZ said.
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Citigroup's chief economist Willem Buiter told CNBC's "Squawk Box" on Tuesday that a one-time injection was not enough to boost an economy mired in deflation.
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Stress indicators in bank-to-bank lending markets eased as market concerns subsided that Chinese currency weakness would spread growth-crippling deflation across the developed world.
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But as retailers grapple with deflation, sluggish tourism spending and shifting consumer preferences toward less expensive pieces, growth may be harder to come by this Christmas.
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KEY ASSUMPTIONS The European Central Bank's asset purchase programme should help underpin inflation expectations, and supports our base case that the eurozone will avoid prolonged deflation.
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Lower commodity prices tend to reduce inflationary pressures, causing a headache for policymakers in the developed world, who want to head off the threat of deflation.
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"We're seeing some positive moves toward an end to deflation," Uchida told a news conference, adding that companies were benefiting from robust domestic and overseas demand.
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Americans can thank a drop in the average price of turkey and general food deflation for bringing down the cost of a Thanksgiving dinner this year.
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Investors were also spooked after data showed India's wholesale prices unexpectedly rose for the first time in 18 months in April, ending a period of deflation.
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The five-year, five-year inflation breakeven inflation fell to 1.2427%, dropping below a previous low set in 2016 when deflation fears gripped the currency bloc.
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The risk of entrenched deflation is a nightmare for China, which desperately wants to avoid becoming stuck in a trap where falling prices sap economic vitality.
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"Investors are likely to stay away given the high overcapacity in heavy industry and deflation in producer goods prices," Moody's Analytics wrote in its weekly note.
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Like Japan, the euro zone's battle with deflation only makes the euro itself a better store of value absent some collapse of the single currency itself.
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The risk of entrenched deflation is a nightmare for China, which desperately wants to avoid becoming stuck in a trap where falling prices sap economic vitality.
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They hit their lowest level since 2016 — a year that saw the ECB ramp up stimulus and cut rates to fight deflation and weak economic growth.
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"We're certainly indicating that we'd expect deflation to continue through the summer and clearly that has a significant impact on our sales line," he told reporters.
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The central bank said in a statement announcing the decision it would cut interest rates further into negative territory if necessary, in its battle against deflation.
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They hit their lowest level since 2016 -- a year that saw the ECB ramp up stimulus and cut rates to fight deflation and weak economic growth.
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Of course, fast forward to today, and the idea that Japanese economic might somehow endangers Americans is almost laughable after two decades of deflation in Japan.
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Japanese policymakers hope a recovery in capital spending will help drive growth in the world's third-largest economy and pull it out of deflation and stagnation.
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But, cheaper exports from China are seen as likely to spread deflation globally as consumers from developed economies buy cheap imports rather than domestically produced goods.
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And now that the Federal Reserve's quantitative easing and zero interest-rate policy have ended, these asset prices are succumbing to the gravitational forces of deflation.
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Japan's central bank said it would charge 0.1 percent for excess reserves parked with it, an aggressive deflation-fighting policy pioneered by the European Central Bank.
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Rising crude values also ease global deflation fears, and often coincide with broader commodity rallies and declines in the U.S. dollar, which together help emerging markets.
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The Fed's response to the global financial crisis applied radical textbook ideas to actual policymaking for the first time to avert the risk of debt deflation.
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Concern that low bond yields are signaling deflation has contributed to negative sentiment, while trend following investors sold stocks as the market turned lower, Nakamoto added.
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The question may not be how to get growth, but how best to live without it, even if that brings phenomena like falling prices, or deflation.
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Lower commodity prices tend to reduce inflationary pressures, causing a worry for policymakers in the developed world, who want to head off the threat of deflation.
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And its economic pride has suffered many years of deflation, a form of macroeconomic self-deprecation, in which firms and workers continuously discount what they do.
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Beyond that, Japan's economy has suffered decades of anaemic growth, bogged down in deflation with its population shrinking and with growing competition from its Asian neighbors.
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Yet some economists reckon that making it easier to sack workers and cut prices is risky when a country is already facing high unemployment and deflation.
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Prices of imported products were down 6.2 percent in the 12 months through March, the smallest gain since December 2014, suggesting that import deflation was ebbing.
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Even the promise of further policy easing failed to boost risk appetite as euro zone data pointed to renewed signs of deflation and weakening consumer sentiment.
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The continued drop in production reinforces indications of an economic slowdown, while also raising doubts about Tokyo's efforts to reignite growth and end decades of deflation.
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Aggressive monetary easing has been the cornerstone of Prime Minister Shinzo Abe's "Abenomics" stimulus policies aimed at eradicating deflation that has plagued Japan for two decades.
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Japan, the world's third largest economy, is stalling yet once again and slipping back into deflation at a time when credibility in Abenomics is rapidly dwindling.
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Retail Price Deflation: The revenue from Wesfarmers' supermarket business, Coles, is exposed to deflationary risks due to the on-going price-based competition with rival Woolworths.
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He once derided his predecessor for blaming deflation on demographics and Japan's low growth potential, and in 2013 accepted sole responsibility for hitting 2 percent inflation.
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Gone are the fixed timeframes he set for hitting that price goal, along with his reassurances that he would do "whatever it takes" to beat deflation.
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Combine this with four years of falling unemployment and inflation well out of the deflation-worry zone, and policymakers and politicians have something to crow about.
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Food stamp cuts, food price deflation and lower prices continued to plague the chains, and worries that Dollar General's excess inventory would squeeze margins grew louder.
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It is the largest share since September 2016, a year when deflation risks and global growth worries last drove bond yields in the bloc deeply negative.
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While there was deflation in food prices and tighter competition in the grocery industry, categories such as produce were inflationary over the quarter, according to Schlotman.
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"Never say never" is a mantra for BOJ officials, who see themselves as pioneers in battling deflation - through zero rates, quantitative easing and other unconventional policies.
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He said: "The threat of deflation is gone and reflationary forces are at play," sending European bond yields higher and dragging their U.S. counterparts with them.
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YOU TAKE THE LAST GREAT INNOVATION PERIOD WHICH IS THE LATE 1800s, WE HE DEFLATION FOR TEN OR 15 YEARS ACCOMPANIED BY VERY RAPID REAL GROWTH.
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"We anticipate that all the actions we are taking will capture more deflation and drive the point of rebalance to below $60 per barrel," he said.
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When graduates have to pay such a high proportion of their wages to the banks, this causes debt deflation, resulting in shrinking markets and rising unemployment.
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That was a major shift for a central bank that has tried in vain for years to reflate the economy and escape deflation through quantitative easing.
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Why it matters: Japan has been fighting off deflation for decades, as its economy has struggled from the effects of a shrinking workforce, among other issues.
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BECAUSE THIS IS A – YOU'VE HAD TO, IN THE LAST FEW QUARTERS, SORT OF PARE DOWN EXPECTATIONS WHEN IT COMES TO COST, LABOR AND FOOD DEFLATION.
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Draghi said Tuesday "the threat of deflation is gone and reflationary forces are at play, " sending the euro to a one-year high against the dollar.
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Beyond that, central banks should step in only if the health care problem threatened to depress economic activity to the point of causing a price deflation.
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A key gauge of long-term euro zone inflation expectations dropped to another record low, in what analysts said suggested investors were positioning for deflation risks.
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But "deflation is more painful for the economy and for individuals than inflation," Nathan Sheets, a former Fed official and current economist at PGIM, tells Axios.
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"It wasn't too long ago when all we were concerned about was deflation," said Henry B. Smith, co-chief investment officer at the Haverford Trust Company.
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Most analysts and economists believe sterling's slump will lead to higher grocery prices, following years of deflation because of a price war between the big chains.
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The so-called "Japanification" in the euro zone refers to the possibility of replicating Japan's "lost decades" in the form of low growth and mild deflation.
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Milder price deflation was partly supported by a recovery in petroleum, coal and other fuel processing industries, the NBS said in a statement accompanying the data.
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Hardt said that "it appears" that deflation in Poland is starting to ease, adding that interest rates will most likely remain stable over the next months.
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Japan earned its reputation as an economy adrift in the 220s, when a popped financial bubble was followed by slow growth, deflation and low interest rates.
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The Riksbank cut rates below zero in early 2015 to head off the threat of Japanese-style deflation in the wake of the euro zone crisis.
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For a time, there was a good reason to worry that as the global economy tried to get back on its feet, deflation might take hold.
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Despite all of that effort, inflation remains mired below Japan's target, which is bad news since it increases the risk of outright deflation should growth weaken.
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Despite all of that effort, inflation remains mired below Japan's target, which is bad news since it increases the risk of outright deflation should growth weaken.
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Thanks to a little-discussed phenomenon known as "value deflation," the electricity generated by solar panels gets less and less valuable as more panels come online.
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A recovery in private consumption is seen as vital in Japan's fight against deflation, which has made companies reluctant to pass on rising costs to households.
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The data also showed the headline consumer price index fell 0.9 percent year-on-year, with the annual pace of deflation easing from -1.3 percent in April.
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And if somehow the reversal of QE because it was hard to tell the story that you were trying to fight deflation that could really jolt eurozone.
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His radical monetary policy experiment has always been aimed at convincing the public that an end to deflation is near - and right now the public aren't listening.
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"(The) oil price is the 'poster child' for victory of deflation," analysts at Bank of America Merrill Lynch (BAML) said in a note of weekly investment flows.
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I get a lot of pushback a lot of debt deflation is out there in the twitter-sphere absolutely wrong the economy can't handle higher interest rates.
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Its gross domestic product surged at an annualized 6.2 percent in the fourth quarter of last year and it has just shaken off 28 months of deflation.
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This was suggested by former Fed chairman Ben Bernanke in 2002 as an effective way to fight deflation but European policymakers have not seriously discussed the idea.
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Property sales are booming; corporate earnings have strengthened; prices of goods as they leave the factory gate have started rising after more than four years of deflation.
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LONDON, Oct 5 (Reuters) - Britain's biggest retailer Tesco sees no let up in deflation in the UK grocery market any time soon, its boss said on Wednesday.
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Germany, which makes up about one-third of the EU economy, is pushing the rest of the continent into an intractable tailspin, rising unemployment and price deflation.
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Another dissenter, Takehiro Sato, said earlier this month the BOJ should modify its policy framework to one more suited for a long-term battle to beat deflation.
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The easy money policies that helped to cause the financial crisis were partly driven by worries that the advanced economies were falling into the Japanese deflation trap.
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London flights and hotels were the exception with significant deflation, likely due to the recent devaluation of the pound relative to the dollar following the Brexit vote.
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All would fume if China turned its cash their way, causing their currencies to appreciate, hurting their exporters and perhaps inducing deflation, which they already struggle against.
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A little extra inflation while the economy is strong looks better than deflation, a consumption-stifling alternative that would limit policy options if the economy turns south.
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He said Japan was no longer in deflation but it was hard to tell when the country can declare a victory in its battle against price declines.
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"The food deflation weighs on the traffic and pricing power and check of restaurants of restaurants," said David Palmer, RBC restaurant and food analyst, in an interview.
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But in the same way that the European bank stress tests have underplayed hot-button risks like deflation and sovereign bond defaults, Next glosses over potential pitfalls.
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Earlier this month board member Takehiro Sato also criticized negative rates and said the inflation timeframe should be modified to suit a longer-term battle against deflation.
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A fast-ageing population adds to the country's long-term problems, prompting the bank to compare Finland to Japan, a country long troubled by debt and deflation.
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However, an improving labor market has been slow to push up the inflation rate, showing how difficult it is to completely rule out a return to deflation.
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The tariff changes themselves played less of a role than deflation; because the tariffs were set in dollar terms, they loomed larger as prices and wages fell.
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But the three megabanks' core lending business remained weak as the central bank has been aggressively driving down interest rates as part of its fight against deflation.
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A separate report on Tuesday showing slower decreases in Chinese factory prices in July also pleased traders, allaying concerns of deflation in the world's No. 2 economy.
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"It is possible that outflow will pick up again, resulting in renewed summit area deflation leading to another collapse event and renewed eruption vigor on the LERZ."
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"If signs of recession emerge, that would derail Japan's path to beat deflation and show Abenomics failed," said Atsushi Takeda, chief economist at Itochu Economic Research Institute.
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TEL AVIV (Reuters) - Israel's top two banks reported fourth-quarter earnings on Monday that fell short of expectations, hurt by the impact of deflation on interest income.
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The European Central Bank stood firm on its stimulus program but said there was no longer a sense of urgency in taking further action to counter deflation.
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But if the rich world ends up stuck in deflation, the time will come to contemplate extreme action, particularly in the most benighted economies, such as Japan's.
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Kuroda stressed the BOJ's easing was aimed at beating deflation, and that interest rate differentials between Japan and the United States alone would not determine currency moves.
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"Persistent and increasing deflation" is expected to weigh on store sales in the fourth quarter, Chief Financial Officer Michael Schlotman said on a conference call with analyst.
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Most analysts and economists believe that sterling's slump will lead to higher grocery prices, following years of deflation due to a price war between the big chains.
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Though lower-income shoppers are still facing headwinds from high health-care and rent costs, they will continue to benefit from low fuel costs and food deflation.
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Still, stock markets are fundamentally concerned about growth and earnings in the United States, as well as whether the country will import deflation from China, Doll said.
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That said, some suggest that deflation fears for Kroger may be over-hyped after rival grocers SuperValu and Wal-Mart both commented on it as significant headwinds.
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Investors are gripped by the tremendous deflation of commodities while battling the fear of the Fed raising rates, and the Chinese market changing from day-to-day.
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The arrival of a healthier inflation rate is important, since the Fed has worried since the 29 financial crisis that the bigger problem would be price deflation.
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Investors are gripped by the tremendous deflation of commodities while battling the fear of the Fed raising rates, and the Chinese market changing from day-to-day.
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Famous for HeatTech thermal innerwear and ultra-lightweight down jackets, Uniqlo has grown through decades of deflation and weak consumption in Japan and is expanding steadily abroad.
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The first is the "liquidity trap", an idea which dates back to the 1930s and was dusted off when Japan sank into deflation in the late 1990s.
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He says Japanese savers are frustrated as Abenomics, the Japanese Prime Minister Shinzo Abe's economic plan, has failed to deliver an end to two decades of deflation.
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Grocery deflation has reduced the price gap between Dollar General and higher-priced rivals and has made the company's prices less competitive, Conlumino analyst Håkon Helgesen said.
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On January 29th, for the first time in its history, the central bank adopted negative interest rates as a way of dealing with the threat of deflation.
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Either the government will to take it through taxation or expropriation or there'll be a deflation in asset prices that is surprising most people on the downside.
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Overall shop prices fell 0.5 percent after a 0.8 percent decline in March, the shallowest rate of deflation since November 2013, the British Retail Consortium (BRC) said.
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Not against deflation: he announced no new measures, though the ECB did publish further details of its plans to start buying corporate bonds with newly printed money.
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All of this makes foreign goods cheaper at Wall-Mart and U.S. exports too expensive, slows growth and adds to deflation that has the Federal Reserve flummoxed.
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On Pro Basketball OKLAHOMA CITY — Inside the cramped Golden State Warriors locker room here late Tuesday night, there was deflation bordering on a sense of utter disbelief.
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The factory deflation aligns with other indicators showing shrinking manufacturing activity in October, with the official Purchasing Managers' Index (PMI) indicating contraction for a sixth straight month.
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Others believe doing nothing, and letting inflation expectations slip, could hold greater dangers to the BOJ's campaign to wrench Japan's economy out of years of debilitating deflation.
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At that time, Truman's command of macroeconomics was severely limited, and the store fell victim to the American postwar bust, which brought vast price deflation and unemployment.
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The data also showed the headline consumer price index fell 1.3 percent year-on-year, with the annual pace of deflation easing from -1.5 percent in March.
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By contrast, the versions of helicopter money that analysts have discussed for Japan and other countries dealing with a deflation trap involve a different type of transaction.
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On Dollar General's conference call, management blamed the weather, food price deflation and food stamp cutbacks, as well as growing competition from Wal-Mart, for the underperformance.
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Deflation can hit demand as consumers tighten their purse strings and companies pull back on investments in anticipation of falling prices, hurting the economy in the process.
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Kroger CFO Mike Schlotman told CNBC on Thursday the grocer's weak profit outlook was because of deflation in food prices and increased competition in the grocery industry.
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"What we're trying to do is protect our company from worst case events, and deflation is a very difficult environment to make a return in," he said.
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That would be a setback for Prime Minister Shinzo Abe who has said the top priority for his reshuffled cabinet is growing the economy and beating deflation.
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"If deflation fears have fortunately been warded off thanks to our action, the opposing fear of a return of inflation would be much exaggerated today," Villeroy said.
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Most of those losses occurred well before ECB chief Mario Draghi launched negative rates in June 2014 in a push to accelerate Europe's economy and prevent deflation.
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"I think Trump shared the view that our monetary policy is not for currency manipulation but for ending deflation," Abe said in the upper house of parliament.
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"These increases argue against the idea that deflation risks are spilling over into the U.S. economy," said John Ryding, chief economist at RDQ Economics in New York.
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The ECB has been debating whether to end the unprecedented 76.773 trillion euro ($2.99 trillion) bond purchase programme this year as the threat of deflation has passed.
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Asked how the U.S. and other countries would pay for a basic income, given existing large deficits, Kurzweil predicted that massive deflation would make goods much cheaper.
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Wakatabe did not elaborate on possible new steps, but said his focus would be on coming up with ways to change public perceptions that deflation will persist.
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Consumers in Japan demand fresh food and efficient customer service, and the country's supermarket industry is highly competitive and its margins razor thin after years of deflation.
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The BOJ has kept monetary policy steady since revamping its policy framework in September last year to one better suited for a long-term battle against deflation.
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Motegi said policymakers need to look at several economic indicators to judge whether Japan is out of deflation and cannot focus solely on the consumer price index.
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Moore's false claims on CNN about rate increases causing "deflation in the economy" were taken apart as he was making them by Washington Post columnist Catherine Rampell.
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Not all of this loss can be attributed to the necessity of achieving competitiveness through relative deflation rather than simply devaluing, but surely much of it can.
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A recent analysis by Ark Investments suggested that in times of profound technological innovation, such as the late 19th and early 20th century, deflation can be common.
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But bakers have not been able to pass those costs to grocers, who have been unwilling to pay higher prices because of increased competition and price deflation.
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He often presses his case that the economy is experiencing deflation, as measured in commodity prices, though Labor Department data show overall prices are continuing to increase.
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From Australia to China, we have had more dire readings, and while these are already outdated they are putting pressure on policymakers producer prices are in deflation.
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"As deflation pressures key categories (coffee, peanut butter) and increased competition impacts premium dog food, it's hard to find silver linings," Wells Fargo analyst John Baumgartner said.
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The Fed also wants to avoid deflation, or price declines, because as things become cheaper each day, consumers and businesses postpone buying and economic activity shrinks more.
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As the primary fear factor in markets transitions from deflation to reflation, the Federal Reserve will be forced to abandon gradualism and hike rates faster than expected.
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"Many of the issues SFM has faced over the past year — deflation, heightened labor investments, and abnormally intense competition — are beginning to abate," Goldman said on Friday.
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When the BOJ first launched its ETF purchases in 2013, it argued such buying of unconventional assets would lower risk premiums and help the economy overcome deflation.
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The BdB private banking association said the fact that the threat of deflation has disappeared in the euro zone and inflation was picking up justified its recommendation.
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Unelected and unaccountable, the bank's governors are committed by treaty to favor deflation over growth, to prohibit state aid to stricken industries and to enforce austerity measures.
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With its monetary tools to ward off deflation dwindling, the Riksbank board gave Governor Stefan Ingves powers earlier this week to intervene immediately in the currency market.
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"If investors believe there's a deflation risk with tightening or that it will choke off economic growth, then we could see that inverted yield curve," he says.
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By and large, he agreed that value deflation was a real issue, although he thought the paper downplayed some of the ways we might ultimately solve it.
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Like many consumer goods, those items have experienced steady deflation over the last decade — meaning they're either getting cheaper, or they are improving in value, or both.
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But I struggle to see how these zippy connections offer ideas for uprising (or undercutting) resistances in a time of deflation, xenophobia, and divide-and-rule politics.
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BISHKEK, Feb 26 (Reuters) - Kyrgyzstan's central bank cut its policy rate to 4.50 percent from 4.75 percent on Tuesday, citing deflation and the need to stimulate economic growth.
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The ECB especially fears the second-round impact of low inflation as it could entrench low price growth, possibly leading to a hard-to-break cycle of deflation.
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Tougher sales comparisons and food price deflation at Costco will cut into performance in 2019, according to Citigroup, which downgraded the membership-only retailer to neutral on Monday.
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The data also showed the headline consumer price index running at -0.7 percent year-on-year, with the annual pace of deflation easing from -0.9 percent in May.
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Japan suffered from deflation because past steps taken by the government and the central bank had been inappropriate, Aso told a regular news conference after a cabinet meeting.
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"I though it was a pretty solid report given we're seeing deflation out there for a lot of prices," said Steve Rick, chief economist at CUNA Mutual Group.
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Japan has been wrestling with deflation since the 3.53s, and its central bank is concerned about the time it is taking to reverse consumers' expectations of price reductions.
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However, with Japan skirting recession and inflation still anemic, many of his aides have proposed postponing the tax hike to ensure Japan makes a sustained exit from deflation.
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The commissioner transformed that finding of general awareness into a conclusion that Brady induced and rewarded the deflation of the footballs by giving the responsible staff valuable memorabilia.
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Japanese Prime Minister Shinzo Abe has touted wage hikes as critical in ending years of stubborn deflation, but has so far gained only lukewarm support from private business.
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Further highlighting the struggle with deflation, the survey showed three-quarters of firms had no plans to lift prices of their main goods and services this financial year.
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Such a desperate measure would, in effect, have exported its manufacturing deflation to the rest of the world, forcing rivals to cut prices or to devalue in turn.
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Fast Retailing Co Ltd, whose budget clothing chain Uniqlo boomed during the country's deflation era, learned the hard way when sales slumped after it raised prices in 2014.
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"Japan is not in deflation at all, but it (inflation) is far below the BOJ's target," adding that the central bank may do so in the December quarter.
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"The fight goes on," he vowed at his election-night party, as Mr Lewis consoled the crowd and elation gave way to deflation, with an afterburn of defiance.
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Having flirted with deflation two years ago, consumer prices are rising again but will not hit the ECB's target of just under 2 percent for years to come.
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The slowdown in industry deflation was mostly caused by a less prominent fall in energy prices, which declined by 4.0% in December after a 6.1% drop in November.
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The state of Japan's economy has been worsening as the world's third-largest economy grapples with deflation, slowing growth, deteriorating consumer confidence and an accumulation of high debt.
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Convinced that Xi Jinping, China's president, has the will and ability to impose capacity cuts, investors have shed their fears that damaging deflation might be China's next export.
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Japan's economy minister on Friday suggested it was possible for the government to declare an end to deflation before consumer prices reach the BOJ's 2 percent inflation target.
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Cutting rates below zero has been a factor in some central banks' struggle to help their economies recover from the financial crisis and its accompanying trend towards deflation.
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Though the category was pressured by deflation, uncertainty in food has been one of analysts' biggest knocks on Target, as it's another category that drives repeat customer visits.
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Meanwhile, the European Central Bank stood firm on its stimulus program but said there was no longer a sense of urgency in taking further action to counter deflation.
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Those include deep discounts, which have led to price deflation; a consumer shift toward spending on experiences versus material goods; and the lack of a major fashion trend.
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Shirakawa's successor Haruhiko Kuroda, who was hand-picked by Prime Minister Shinzo Abe to take bolder steps to beat deflation, deployed a massive asset-buying programme in 2013.
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Signs of deflation could prompt the government to roll out more aggressive measures to halt a sharper slowdown after growth dipped to nearly 21.5-year lows in 21.0.
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They are now at their lowest level since 2016 -- a year that saw the ECB ramp up stimulus and cut rates to fight deflation and weak economic growth.
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Japan, long a nation of savers, needs to be a nation of lenders and spenders if it hopes to grow its way out of persistent recession and deflation.
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Signs of deflation could prompt the government to roll out more aggressive measures to halt a sharper slowdown after growth dipped to nearly 21.9-year lows in 21.8.
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Food deflation, which has dragged through 2018 in the wake of a strong agricultural harvest, hurt revenue as did what the company called a challenging base of comparison.
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Japan has been wrestling with deflation since the 0.23s, and its central bank is concerned about the time it is taking to reverse consumer expectations of price reductions.
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To varying degrees deflation, sluggish growth, an ageing population and a stock market that failed to recover from its post-1990 slump have all tied the BOJ's hands.
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Asian shares slipped for a seventh straight session on Thursday as a mixed batch of U.S. economic data did nothing to assuage concerns about global growth and deflation.
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Kuroda has launched an unprecedented burst of monetary stimulus since Abe handpicked him a few months after he swept to power in December 2012, pledging to end deflation.
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Some asset managers have purchased these bonds for the outsized capital gains they offer in case the euro zone is sinking towards a Japan-style decade of deflation.
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Fitch projects comps (excluding fuel and foreign exchange) will pace near current levels in fiscals 2017 and 2018 as food deflation moderates and Costco continues to price competitively.
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The document, released Thursday afternoon, detailed the differing views in the council ahead of the slew of measures it announced last month to tackle fragile growth and deflation.
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Ben Bernanke, at the time a new governor at the Federal Reserve, made reference to Friedman's conceit in speeches about dispelling deflation, earning himself the nickname "Helicopter Ben".
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However, the weak yen has been considered one of the few successes of Abe's "Abenomics" stimulus policies aimed at pulling the economy out of two decades of deflation.
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Japan's economy minister on Friday suggested it is possible for the government to declare an end to deflation before consumer prices reach the BOJ's 2 percent inflation target.
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That is a sign that the bank remains concerned about the risk of deflation, a sustained decline in prices that can be disastrous for economic growth and employment.
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"I believe that the US will soon be forced by events to join the eurozone and Japan in aggressively fighting deflation," he wrote in a note to clients.
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