Posted 10/7/2023, 3:03:00 AM
Alternative Data Shows Japan's Inflation Higher Than Official Figures
- Official inflation statistics in Japan do not fully capture recent price increases due to calculation method
- Prices for dining out, hotels, gas have risen sharply but are underrepresented in official data
- Alternative calculation accounting for recent consumption trends shows 0.5% higher inflation in August
- BOJ survey indicates consumers feel inflation is much higher than official figures
- This mismatch makes it hard for policymakers and businesses to assess real economic conditions
