Japan’s low inflation conundrum

Inflation rates have risen far above the targets of many central banks around the world, reaching 9.1 per cent in the United States and 8.6 per cent in the euro area in June 2022. Yet Japan has bucked this phenomenon by maintaining surprisingly low inflation rates, sitting at 2.4 per cent in June 2022. Read Prof. Dr. Gunther Schnabl's article for the EastAsiaForum.