Why Japan's CPI remains low while other economies grapple with inflation

clock • 4 min read

As the global economy takes steps to recover from the pandemic, prices have steadily risen around the world, with US CPI hitting a 31-year high of 6.2% year on year in October, says John Vail (pictured), chief global strategist at Nikko Asset Management. Japan, however, remains an exception among the major economies. The country's headline CPI did tick up in October, but at a very modest pace of 0.1% year on year from the previous year, showing that inflation is yet to gain strong traction in a country long stuck in deflation. In a country heavily reliant on imported natural resources...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?