1.   A growing Japan would help to stem deflationary forces in the world, helping manufacturers and commodity producers.

2.   But in the realm of corruption, such deflationary forces are rarely seen.

3.   He believes global deflationary forces will severely depress the earnings of American companies, sending stocks down much more.

4.   However desirable this cushioning might be, does Japan not show that fiscal policy is impotent in the face of powerful deflationary forces?

5.   That suggests there are strong deflationary forces at work in the economy, which threaten to choke business spending.

6.   Deflationary forces would also add to the burden of bad loans coupled with a likely rise in sour borrowing as the economy remains weak, it said.