- Japan’s tax hike, just as in 1997, again sunk the economy, at least temporarily.
- However, some argue that it’s also responsible for the Japanese deflation, which is a rather odd position to take.
- We would lay off buying Japanese shares for now, until the economic picture improves and/or the yen resumes its fall.
Is Deflation Caused by Tax Hikes?
January 14th, 2015 · No Comments
Tags: Voodoo economics