The case of Japan’s curiously quiescent inflation rate

What’s going on? Japan is not insulated from global trends. In October producer prices rose by 7.9% year-on-year, the largest single increase since 1980. The pickup was overwhelmingly led by higher import costs, which rose by 38% in yen terms. The prices of petroleum products and lumber rose by 45% and 57%, respectively, compared with the same month last year.

Entrenched expectations built up through decades of little to no inflation play a big role in explaining why rising producer costs have not fed through to consumer prices. Domestic companies are notoriously unwilling to pass on increases in the prices of imports to consumers. At a press conference in October Kuroda Haruhiko, the governor of the Bank of Japan, attributed this reluctance to habits picked up during the country’s periodic bouts of deflation.

The Bank of Japan was an early adopter of zero-interest-rate policies and bond-buying programmes, tools that have since been used elsewhere in the rich world as interest rates hit rock-bottom after the global financial crisis of 2007-09. The absence in Japan of the same inflationary pressures apparent across other advanced economies once again makes the country a laboratory for economists.

Maybe it's because they don't allow abused social programs such as welfare/SNAP, WIC etc. Foreign aide waste like the U.S.. Greedy socialist politicians like AOC and BernieSanders laundering tax dollars, trillion dollar infrastructure bills, radical Democrat regimes etc...

Adopting machines over humans.

모든 사람들은 이 땅에서 하는 행위에 주의해야 합니다. 모든 것이 기록되고 있고 심판의 날에 다 결산해야 하기 때문입니다. TheRaptureDoor 휴거의_문

Prices in Japan could be near their non-elastic maximums. Alternatives offer competition. Producers are keeping prices low to maintain sales, knowing consumers can move to alternatives quickly here

This is everything that is wrong with the system

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crisp and Fluffy Dinner Rolls by Way of Japan...and BagelsFor dinner rolls that are simultaneously crusty and fluffy, we employ two unusual techniques that we've learned from bagel-making and Japanese bakeries. The resulting rolls are a mashup that'll make a welcome addition to your table at Thanksgiving (or any time of year, for that matter).
Source: seriouseats - 🏆 410. / 53 Read more »

Japan: From vaccine hesitancy to vaccine successAn unexpectedly rapid turnaround in attitudes has allowed vaccination rates to skyrocket in Japan It looks like they turn the tables on COVID. They are in a Spring Hemisphere.
Source: bbchealth - 🏆 143. / 63 Read more »

Earthquake, Magnitude 4.6 - NEAR EAST COAST OF HONSHU, JAPAN - 2021 November 19, 23:57:11 UTCMagnitude: ML 4.6, Region: NEAR EAST COAST OF HONSHU, JAPAN, Date time: 2021-11-19 23:57:11.7 UTC, Location: 35.74 N ; 140.74 E, Depth: 33 km.
Source: LastQuake - 🏆 653. / 51 Read more »

Earthquake, Magnitude 4.6 - NEAR EAST COAST OF HONSHU, JAPAN - 2021 November 19, 23:57:11 UTCMagnitude: ML 4.6, Region: NEAR EAST COAST OF HONSHU, JAPAN, Date time: 2021-11-19 23:57:11.7 UTC, Location: 35.74 N ; 140.74 E, Depth: 33 km.
Source: LastQuake - 🏆 653. / 51 Read more »

Support for gay rights in Japan is gaining momentumJapan has yet to legalise gay marriage, leaving it out of step with all other G7 countries and even a former colony, Taiwan Damn they got Japan caught in some bullshit lol, 🗣pray for Japan ‼️ lol Asia/pacific getting better and better everyday and getting most modern place ever with very good and open minded people. 🎆🎆🎆 horrible
Source: TheEconomist - 🏆 6. / 92 Read more »

Japan: From vaccine hesitancy to vaccine successAn unexpectedly rapid turnaround in attitudes has allowed vaccination rates to skyrocket in Japan It looks like they turn the tables on COVID. They are in a Spring Hemisphere.
Source: bbchealth - 🏆 143. / 63 Read more »