To be sure, consumers would benefit from lower-priced goods. But persistent economy-wide deflation can also trigger a vicious cycle of lower spending and investment, leading to even weaker growth and higher unemployment.

Unless countered by increased Government spending, they have implemented some stimulus measures but I hope they go for more.

Central Government can always unconditionally invest and spend without caring about turning money into more money.

Its why real wages and unemployment are better measures than solely looking at prices.

Capitalist magazines can’t imagine Government doing stuff other than weapons for genocide or bank bailouts.