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Japan escapes inflation due to lack of demand

2021-12-19T22:47:47.066Z


DECRYPTION - Contrary to other countries, the Archipelago is pursuing its ultra-accommodating monetary policy.


Tokyo

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Everything changes, except the Bank of Japan (BoJ according to the English acronym).

At the end of the meeting of its monetary policy committee on Friday, the central bank announced the continuation of its ultra-accommodative monetary policy, in particular the maintenance of a negative short-term key interest rate (- 0.1% ).

In a week full of announcements across the world, the BoJ is proving to be the most timid of central banks.

The others announced the gradual abandonment of their activity support measures (ECB), or even the hike in key interest rates (Bank of England and US Federal Reserve).

One reason for this timidity is the absence of inflation, relative to other countries.

Apart from episodic spikes, the labels are relatively stable in the Archipelago.

To read also

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For months, it has been dead last in the OECD price index rankings.

Main cause: the structural absence of final demand, spark of inflation, permanently depressed ...

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Source: lefigaro

All news articles on 2021-12-19

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