TOKYO -- I confess that when starting out as an economic journalist in the 1990s, I did not understand why deflation was bad.
Past struggles with inflation blind Xi to risk of a shrinking economy

Chinese President Xi Jinping has reportedly asked advisers what's so bad about deflation. (Xinhua via AP)
TOKYO -- I confess that when starting out as an economic journalist in the 1990s, I did not understand why deflation was bad.