Bullard: U.S. to a Japanese style deflation process is approaching

St. Louis Fed president James Bullard, the U.S. economy in Japan, expressed as''losses''10 years prices have fallen rapidly, an economic process may be faced with a similar situation has warned.
Bullard, ever''on the U.S. economy an economy moving toward the Japanese style,''he said.
Similar to those of a deflation in Japan does not yet dominate the economy, stating Bullard, for it will push inflation down should be more negative shocks and the U.S. approach to this process, he said.