Japan at 'inflection point' in fight against deflation

Government white paper

Japan is at an “inflection point” in its decade-long fight against inflation, the country’s government has said.

In an annual economic white paper, the Japanese government said the country had "seen price and wage rises broaden since the spring of 2022," adding that "such changes suggest the economy is reaching a turning point in its 25-year battle with deflation". Atlantis Japan Growth agrees merger with Nippon Active Value "We should not dismiss the fact a window of opportunity may be opening to exit deflation," the report added. Inflation peaked in Japan at 4.3% in 2023 and has remained comfortably above 3% throughout the year, exceeding the rates that country has been experiencing for...