Japan s prices are finally rising, but will it last? philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
From rice balls to nappies, prices are rising in Japan. Unlike inflation seen in many other places, the increases are long-sought, but also unlikely to last, analysts say.
Since the 1990s, the country has swung between periods of sluggish inflation and deflation, where prices are falling both considered bad for growth.
The central bank has tried an array of policies, including pushing interest rates to rock-bottom, to encourage spending and reach a 2 percent inflation target, seen as key to boosting prosperity in the world’s third-largest economy.
It has not worked: Last year, the price of goods, not including volatile fresh food,
BoJ says no tightening as oil stirs inflation in Japan kuwaittimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.com Daily Mail and Mail on Sunday newspapers.
From rice balls to nappies, prices are rising in Japan. But unlike inflation seen in many other places, the increases are long-sought but also unlikely to last, analysts say.