Good news: Japan inflation at 5 year high
Share Now on:
Inflation in Japan is near a 5 year high — up 0.7 percent. That’s actually a positive headline for the world’s third largest economy, which has been trying to climb out of a fifteen year hole of sputtering growth and deflated prices so low that they have hurt the country’s currency.
“Deflation, really, when it sets in for a long time — like it has in Japan — is a real problem because people stop buying and companies stop investing, because what’s the point of investing in something that is going to be worth less tomorrow than it is today?” says the BBC’s Rupert Wingfield-Hayes in Tokyo. “So, the government is trying to get some inflation back into the economy. It’s the first time in 5 years we’ve that we’ve seen deflation stopping, and — perhaps — prices turning around.”
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.