High risk seen in Japan's new inflationary course

03/24/2013 | Forbes

Japan's new inflationary policy poses a risk not just to Japan but to the global economy as well, with its likely result being hyperinflation, writes James Gruber. As departing Bank of Japan Governor Masaaki Shirakawa put it last week: "If there was one single measure that would have resolved the problem, just like clearing a fog, then we wouldn't have been in this state for the past 15 years."

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