Open Markets and the “Deflation Spiral” in Japan

Wolf  Richter   www.testosteronepit.com

Ever since Toyotas and Hondas were forcing Detroit to shape up the hard way, the US government has pushed Japan to open up its markets, particularly its automotive market, and the fact that it’sstill pushing shows how little success it has had. Back in the 90s, the cited reason for the near non-existence of US-branded cars in Japan was that they weren’t of the quality Japanese consumers wanted. OK, but [...]