Wrong kind of inflation for Japan

Monday 24 October 2022

Pantheon with the note.

Japanese Headline Inflation Set to Rise as Food Prices Heat up

Japan faces rising inflationary pressure, owing to a weak yen and high global energy prices. This bout of inflation, however, is primarily cost-push, whereas demand-pull inflation is nowhere in sight. Consumer services price growth is insipid, and, by extension, wage increases will remain lacklustre.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.