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explain. What is deflation, and what are the pros and cons of deflation? Why is Japan experiencing a deflationary gap? What does Japan need to

explain.

  1. What is deflation, and what are the pros and cons of deflation?
  2. Why is Japan experiencing a deflationary gap?
  3. What does Japan need to do to improve its economy?
  4. Do you think Japan has what it takes to become an economic superpower again?

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