Mises Wire
Author:
Taiki Murai
Gunther Schnabl
Online Publish Date:
Whereas inflation rates in the US and Europe have risen steeply in the course of 2021, consumer price inflation in Japan stood at 0.1 percent for October 2021 (figure 1). Also, Japan’s producer price inflation of 8 percent lagged far behind the US and Europe. Even more, Japan’s extremely low inflation has persisted for more than thirty