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Japan's inflation rate is currently tracking at 3%. Which sounds piddling by Western standards, but is a massive change compared to -1% they were experiencing
by rippercushions 4y ago
Japan's inflation rate is currently tracking at 3%. Which sounds piddling by Western standards, but is a massive change compared to -1% they were experiencing as late as last year, and not to mention the more-or-less zero they've been at for the last 20-30 years.
https://tradingeconomics.com/japan/inflation-cpi https://tradingeconomics.com/japan/inflation-cpi
- Danieru 4y agoIndeed, the Bank of Japan has been hoping for inflation like this for twenty years. They are not going to complain now that their wish has been granted. 3% is massive, in a good way. Japan's problem is the Americans have absurd inflation causing rate increases and encouraging the carry trade.