著者

水本 正人

出版者

九州共立大学

雑誌

九州共立大学研究紀要 = Study journal of Kyushu Kyoritsu University (ISSN:21860483)

巻号頁・発行日

vol.3, no.1, pp.21-31, 2012-09-30

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The cause of deflation since the 1990’s needs closer examination.At the same time, the population of those who are of working age has been reduced. Therefore, itcan be said that deflation is caused by the aging population, which the Governor of the Bank of Japanoften insisted was true. But the reduction of workers has been moderate, and besides it is not true thatthe domestic demand has dropped because of decrease in the consumption by elderly people. Deflationis apparently caused by business fluctuations and monetary circumstances. We need to have a policy toextract us from deflationary environment. It is believed that domestic demand and growth will fall in thefuture, and thus we need an economic policy with a firm future vision.