Japan: inflation

By New Statesman Published 01 March 2012

 

 

Inflation has remained quite constant since the late 1970s, after a spike at the beginning of that decade.

However, it grew at its highest level in nine years in November 2007, when there was also a decline in industrial production and household spending. It was one of the first signs that oil prices were starting to derail the Japanese economy. There was a sharp decrease in inflation between January 2008 and January 2009 (1.38 per cent to -1.35 per cent). It has risen steadily since 2009 and, in the beginning of 2010, it stood at -0.7 per cent. Inflation rose to 0.2 per cent in November 2011.

 
 

1 comment

Nathan Redd's picture

Thu, 2012-06-14 16:29 — Nathan Redd (not verified)

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