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Article: Hit nightclub shows pain, potential of deflation-ridden Japan
- Article from:
- AP Worldstream
- Article date:
- July 8, 2003
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
Dateline: TOKYO
Tokyo nightclub owner Sakura Masui is nowhere close to the modern-
day geisha girl she appears to be, shuffling demurely in a purple
kimono as she pours drinks and chats in hushed tones.
The 34-year-old former office worker and bar hostess had the vision
and the business smarts to exploit Japan's biggest economic disease:
the downward spiraling of prices known as deflation that is eroding
profits, paychecks and growth while leaving analysts and politicians
alike clueless about a solution.
For the first time since the Great Depression of the 1930s in the
United States, fears are growing around the world about deflation.
While cheaper prices may sound ...
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