Posted 3/4/2024, 2:11:00 AM
Japan Mulls Historic Declaration of End to Decades of Deflation
- Japanese government considering declaring an end to decades-long deflation due to rising prices
- Decision to be made after March labor talks and assessing outlook for price trends
- Would mean breaking free from deflation that dragged on economy for over 20 years
- Government acknowledged deflation in 2001, struggled to escape weak profits, wages, consumption
- Judgment based on consumer prices, unit labor costs, output gap, GDP deflator
