July 15, 2010
The global economy is at risk of folding in on itself unless policy makers face up to the threat of inflation and exchange rate inflexibility, according to Arun Motianey, director of fixed income strategy at Roubini Global Economics.
A Japan-like outcome is a big risk for the developed world with deflation a big danger, he said.
The Bank of Japan revised upwards is economic forecast but reiterated it will maintain its easy money policy.
This article was posted: Thursday, July 15, 2010 at 4:18 am