Will inflation ever return to Japan?
On Friday, the Nikkei
business daily
observed that, since 1995, the price index there has increased by 4% against… 84% in the United States.
On the same day, the government announced a 0.5% increase in December.
Over the whole of 2021, the Archipelago suffered a 0.2% drop in this indicator.
The Bank of Japan, however, estimates that inflation will reach 1.1% in the next fiscal year (which starts on April 1).
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Inflation in the United States reaches a level not seen since 1982
However, the return of significant inflation observed elsewhere on the planet (7% in December in the United States, 2.8% in France) has still not occurred in the world's third-largest economy.
This, while its central bank has been pursuing for seven years now an ultra-accommodative monetary policy intended precisely to trigger it.
Food imports
In Japan, as elsewhere, there is indeed an increase not in prices but in costs.
But this is concentrated on imported goods: the yen has never been so low since 1972…
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