IS ASIA HEADING INTO A DEFLATION?

Is Asia heading into a deflationary economy? This is perhaps the reason why central banks in Asia are on an easing mode to stimulate growth and hence inflation. But the drag seems to continue. Deflation is harder to combat vs inflation. Japan for example has been battling it for 25 years. And now Abenomics, after the initial burst, seems to fall behind the BOJ's targets. Worse still EU countries are displaying similar patterns. Just my opinion of course, but it pays to be mindful about global events taking place.

Chart source: elliotwave.com