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Bank of Japan knows their asessment of the econmy can be totally wrong
Neel Joseph
Mar. 9, 2006
Japanese state of economy is complex. Japan is much more dependent on US exports and there is little to rejoice about Japanese domestic economy.
Japan’s decade of deflation was officially declared over on Thursday when its central bank ended five years of ultra-loose monetary policy and moved to a regime of managing interest rates. But Bank of japan knows their asessment of the econmy can be totally wrong. Deflation does not leave so easily. The nasty tooth of the D word will test its strength in the later part of the year before really going inyo sleep.
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