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<p>[QUOTE=&quot;InfleXion, post: 1380648, member: 29012&quot;]Well, you&#039;re taking a bird&#039;s eye view on a subject that has a lot of facets to make a blanket statement. I don&#039;t know all the details myself, but it&#039;s not so cut and dry. The devil is in the details, and it appears to me it was their lack of appropriate responses at every step of the way that caused the deflation, not the zero percent interest rates which did not carry as much weight in the scenario as inaction by Japanese leadership. </p><p><br /></p><p><a href="http://www.aei.org/article/economics/financial-services/japans-lost-decade-outlook/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.aei.org/article/economics/financial-services/japans-lost-decade-outlook/" rel="nofollow">http://www.aei.org/article/economics/financial-services/japans-lost-decade-outlook/</a></p><p>Only partially quoted:[/QUOTE]</p><p><br /></p>

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