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	<title>The Japan Times &#187; Teruhiko Mano</title>
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	<description>News on Japan, Business News, Opinion, Sports, Entertainment and More</description>
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		<title>Inflation targeting easy to promote, but difficult to achieve without tools</title>
		<link>http://www.japantimes.co.jp/news/2013/01/28/business/inflation-targeting-easy-to-promote-but-difficult-to-achieve-without-tools/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=inflation-targeting-easy-to-promote-but-difficult-to-achieve-without-tools</link>
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		<pubDate>Sun, 27 Jan 2013 15:14:39 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[T he government of Prime Minister Shinzo Abe and the Bank of Japan agreed last week to set a 2 percent inflation target to be achieved &#8220;as soon as possible.&#8221; All sorts of issues have been raised, from the dangers of intervening in monetary policy to the waning independence of the central bank, but there [...]]]></description>
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		<title>Deflation only natural when politicians refuse to fix oversupplied Japan</title>
		<link>http://www.japantimes.co.jp/news/2012/12/17/business/deflation-only-natural-when-politicians-refuse-to-fix-oversupplied-japan/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=deflation-only-natural-when-politicians-refuse-to-fix-oversupplied-japan</link>
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		<pubDate>Mon, 17 Dec 2012 00:01:37 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[Needless to say, the biggest challenge for the government to be formed after Sunday&#8217;s general election is to put the Japanese economy on a growth path. Many people repeat the mantra of pulling Japan &#8220;out of deflation and the strong yen,&#8221; but the first thing we need to do is examine why the Bank of [...]]]></description>
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		<title>Excess supply, not lack of demand, weighing on the global economy</title>
		<link>http://www.japantimes.co.jp/news/2012/11/05/business/excess-supply-not-lack-of-demand-weighing-on-the-global-economy/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=excess-supply-not-lack-of-demand-weighing-on-the-global-economy</link>
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		<pubDate>Mon, 05 Nov 2012 00:01:54 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[The demand and supply balance is adjusted through price fluctuations under a market economy. However, price changes often go too far, occasionally leading to creation of a bubble boom and its subsequent collapse. When Japan&#8217;s bubble boom went bust in the early 1990s, Japanese companies were burdened with three excesses &#8212; excess workforce, excess debt [...]]]></description>
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		<title>Toll of double tax hikes on the economy will be even worse than in &#8217;97</title>
		<link>http://www.japantimes.co.jp/news/2012/09/24/business/toll-of-double-tax-hikes-on-the-economy-will-be-even-worse-than-in-97/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=toll-of-double-tax-hikes-on-the-economy-will-be-even-worse-than-in-97</link>
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		<pubDate>Mon, 24 Sep 2012 00:03:01 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[The number of people in Japan aged 65 or older has reached 30.74 million, or 24.1 percent of the population, according to a government estimate released on the Respect for the Aged Day last Monday. The numbers are record highs and warn of snowballing health and welfare costs the country will soon have to face. [...]]]></description>
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		<title>The risks of democracy: When markets resolve what politics cannot</title>
		<link>http://www.japantimes.co.jp/news/2012/06/04/business/the-risks-of-democracy-when-markets-resolve-what-politics-cannot/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-risks-of-democracy-when-markets-resolve-what-politics-cannot</link>
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		<pubDate>Mon, 04 Jun 2012 00:01:16 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[The European sovereign debt problem that began with Greece has entered a new phase. In addition to the ruling party&#8217;s defeat in polls Greece held May 6, Nicholas Sarkozy, who helped champion fiscal austerity as the cure for the crisis, was replaced as French president by Francois Hollande, a Socialist who has called for greater [...]]]></description>
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		<title>Trade deficit a reminder Japan needs to brace for economy&#8217;s fifth stage</title>
		<link>http://www.japantimes.co.jp/news/2012/04/16/business/trade-deficit-a-reminder-japan-needs-to-brace-for-economys-fifth-stage/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=trade-deficit-a-reminder-japan-needs-to-brace-for-economys-fifth-stage</link>
		<comments>http://www.japantimes.co.jp/news/2012/04/16/business/trade-deficit-a-reminder-japan-needs-to-brace-for-economys-fifth-stage/#comments</comments>
		<pubDate>Mon, 16 Apr 2012 00:01:43 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[Japan&#8217;s &#165;2.49 trillion trade deficit in 2011 &#8212; its first in 31 years &#8212; tells you where the economy&#8217;s development stands in relation to the balance of trade. Let&#8217;s review how the trade balance has fluctuated in each stage of the nation&#8217;s postwar development and look at some of the challenges ahead. In the first [...]]]></description>
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		<title>Lost in inflation: the trap of focusing solely on the consumer price index</title>
		<link>http://www.japantimes.co.jp/news/2012/02/20/business/lost-in-inflation-the-trap-of-focusing-solely-on-the-consumer-price-index/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=lost-in-inflation-the-trap-of-focusing-solely-on-the-consumer-price-index</link>
		<comments>http://www.japantimes.co.jp/news/2012/02/20/business/lost-in-inflation-the-trap-of-focusing-solely-on-the-consumer-price-index/#comments</comments>
		<pubDate>Mon, 20 Feb 2012 00:00:59 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[Japan&#8217;s wholesale price index has consistently been on the rise since December 2009 due chiefly to rising oil and food prices. But the consumer price index has fallen year on year for three years in a row. One reason behind the decline in the CPI is the rising influx of cheaper, high-quality products from overseas. [...]]]></description>
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		<title>Lawmaker attitudes, Tohoku both in dire need of transformation</title>
		<link>http://www.japantimes.co.jp/news/2011/12/19/business/lawmaker-attitudes-tohoku-both-in-dire-need-of-transformation/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=lawmaker-attitudes-tohoku-both-in-dire-need-of-transformation</link>
		<comments>http://www.japantimes.co.jp/news/2011/12/19/business/lawmaker-attitudes-tohoku-both-in-dire-need-of-transformation/#comments</comments>
		<pubDate>Mon, 19 Dec 2011 00:01:58 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[The extraordinary Diet session closed Dec. 9 after the Upper House endorsed the opposition-submitted censure motion against Defense Minister Yasuo Ichikawa and consumer affairs chief Kenji Yamaoka. Was anything else accomplished? The legislature passed the third extra budget of the year for disaster recovery and enacted laws to establish a reconstruction agency and deal with [...]]]></description>
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		<title>Going back to the past won&#8217;t help Japan Inc. protect supply chain</title>
		<link>http://www.japantimes.co.jp/news/2011/10/24/business/going-back-to-the-past-wont-help-japan-inc-protect-supply-chain/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=going-back-to-the-past-wont-help-japan-inc-protect-supply-chain</link>
		<comments>http://www.japantimes.co.jp/news/2011/10/24/business/going-back-to-the-past-wont-help-japan-inc-protect-supply-chain/#comments</comments>
		<pubDate>Mon, 24 Oct 2011 00:00:58 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[The joint declaration adopted Oct. 15 by the Group of 20 finance ministers and central bankers expressed a willingness to take resolute action to deal with the serious downside risks being faced by the global economy. But Japan, beset by the damage caused by the March 11 earthquake, tsunami and nuclear crisis, has posted three [...]]]></description>
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		<title>Unbeautiful yen&#8217;s rise will help the economy more than hurt it</title>
		<link>http://www.japantimes.co.jp/news/2011/08/08/business/unbeautiful-yens-rise-will-help-the-economy-more-than-hurt-it/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=unbeautiful-yens-rise-will-help-the-economy-more-than-hurt-it</link>
		<comments>http://www.japantimes.co.jp/news/2011/08/08/business/unbeautiful-yens-rise-will-help-the-economy-more-than-hurt-it/#comments</comments>
		<pubDate>Mon, 08 Aug 2011 00:00:21 +0000</pubDate>
		<dc:creator>Teruhiko Mano</dc:creator>
		
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		<description><![CDATA[The yen continues to appreciate as Japan struggles to get a handle on recovering from the March 11 earthquake and tsunami, the unresolved crisis at the Fukushima No. 1 nuclear power plant, and the inability of the administration of Prime Minister Naoto Kan to implement policy actions to deal with the catastrophe. The yen recently [...]]]></description>
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