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White House urges Japan to fight deflation

Feb. 27, 2003 at 4:15 PM   |   Comments

WASHINGTON, Feb. 27 (UPI) -- The White House's chief economist said Thursday that Japan must tackle deflation in order to jump-start its ailing economy once and for all. Glenn Hubbard added that fighting the deflationary spiral was the primary responsibility of the Bank of Japan.
Topics: Jump Start
© 2003 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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