Abe Set to Call Election, Delay Tax Hike

The video discusses the unexpected recession, marking the fourth since 2008, and the economic measures being considered, such as delaying a sales tax increase and introducing a stimulus package. It highlights the historical impact of sales tax changes on Japan's economy and the government's response. The global economic situation is also addressed, with concerns about potential recessions in the Eurozone, conflicts, and emerging market slowdowns. The video concludes with a discussion on deflation and disinflation, emphasizing the importance of economic strategies to prevent further downturns.

What is the main task mentioned regarding deflation in Japan?

How does Mark Carney describe the current economic pressures faced by various economies?