01/05/2000

Medium-term Economic Forecast- Overcoming the Deflationary Economy?

Economic & Industrial Research Group 

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1.Introduction

Following the collapse of the asset bubble of the 1980s, a persistent deflationary trend hasplagued the economy and aggravated the bad loan problem. While the economy is expected toovercome deflation in the medium term, growth will be subdued due to problems created bythe aging population.

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