The article you cited is from 2002. Japan has been mildly inflationary on average since the late 2000s. Unemployment spiked significantly during the deflationar

The article you cited is from 2002. Japan has been mildly inflationary on average since the late 2000s. Unemployment spiked significantly during the deflationary period and has been dropping since.[1] You can see a similar pattern in the US deflationary periods during the 1800s. Every instance of deflation coincides with recessions or depressions and large scale job loss. [1] https://www.macrotrends.net/countries/JPN/japan/unemployment-rate https://www.macrotrends.net/countries/JPN/japan/unemployment...