While the U.S. battles its worst inflation in 40 years, there is still one country where prices aren’t rising as fast as the central bank would like
As the cost of groceries, clothing and electronics have gone up in the U.S., prices in Japan have stayed low. WSJ’s Peter Landers goes shopping in Tokyo to explain why steady prices, though good for your wallet, can be a sign of a slow-growing economy. Photo: Richard B. Levine/Zuma Press; Kim Kyung Hoon/ReutersTOKYO— and interest rates are stuck around zero.
It is Japan, where prices in February rose 0.9% from a year earlier and actually fell when volatile fresh food and energy prices were excluded, according to government figures released Friday. Hours later, the Bank of Japan responded by reaffirming its ultra-easy monetary policy.
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