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Deflation Fears: U.S. as Japan?46:03
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High unemployment and low consumer confidence. Is the U.S. looking at a Japan-style meltdown?

Left: Shoppers look around at a drugstore in Tokyo, 2010. Right: A liquor store in New Hope Pa., 2010. (AP Photos)
Left: Shoppers look around at a drugstore in Tokyo, 2010. Right: A liquor store in New Hope Pa., 2010. (AP Photos)

David Wessel, economics editor at the Wall Street Journal.

Frederic Mishkin, professor of banking and financial institutions at Columbia’s Graduate School of Business. From 2006 to 2008, he was a member of the Board of Governors for the Federal Reserve System.

David Resler, chief U.S. economist at tbe Nomura Group, a global investment firm founded in Japan.

Dave Scott, chief investment officer at Sunrise Advisors, a financial planning and asset management firm based in Leawood, Kansas.

This program aired on August 12, 2010.

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