A Newspaper Article on the World Economy Stated, "Both the Japanese

Multiple Choice

A newspaper article on the world economy stated, "Both the Japanese government and its central banking system are debilitated by a decade-long battle against deflation." This statement means that:

A) there are no competitive influences in Japan.
B) the environment for organizations operating in Japan is most influenced by demographic forces.
C) the birthrate in Japan has dramatically decreased resulting in a decreasing number of consumers.
D) Japan has experienced ten years of declining prices.
E) the environment for organizations operating in Japan is most influenced by social and cultural forces.