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	<title>Active Investing in Japan &#187; recession</title>
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		<title>Japan lost, but not dead, in deflation</title>
		<link>http://steventowns.com/2009/04/26/japan-lost-but-not-dead-in-deflation/</link>
		<comments>http://steventowns.com/2009/04/26/japan-lost-but-not-dead-in-deflation/#comments</comments>
		<pubDate>Sun, 26 Apr 2009 23:56:31 +0000</pubDate>
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				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Sentiment]]></category>
		<category><![CDATA[Weekly Outlook]]></category>
		<category><![CDATA[capex]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[dividends]]></category>
		<category><![CDATA[Earnings]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Jesper Koll]]></category>
		<category><![CDATA[N225]]></category>
		<category><![CDATA[Nikkei]]></category>
		<category><![CDATA[procyclical]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Tantallon Research]]></category>
		<category><![CDATA[tokyo]]></category>

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		<description><![CDATA[For Japan, the 1990s are commonly referred to as the &#8220;lost decade.&#8221; Those that know me are aware that I look beyond that and actually regard a quarter-century as the appropriate &#8220;lost&#8221; duration. However, if one really thinks about what has transpired and where we are today, it is rather impressive that Japan continues to [...]]]></description>
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