Japanese PM Fumio Kishida vowed to ensure workers' wage hikes through tax breaks to protect the economy from the impact of rising global inflation
The phenomena is a notable legacy of Japan's years of deflation as companies balk at price hikes.
Led by a sharp rise in commodity prices, especially crude oil, and supply-side issues, most economies across the globe have been battling rising inflation over the past few months
RBI should continue the unwinding process
A major rise in oil price will have the 'potential to aggravate inflation scare dramatically,' he says.
Hawks say that pockets of inflation today will turn into across-the-board price increases tomorrow, with stimulus providing the fuel
In trying to increase by a fairly random amount an index of prices that they largely can't control, central banks couldn't have done much more harm
January witnessed a 12-year high inflation at 14.6 per cent. In response to the rising prices, the SBP rose the interest rates to 13.25 per cent
Central banks have responded like their developed-country peers: by lowering interest rates. They have more room to keep going -- but they also face more obstacles on the way down
Central banks in advanced economies fear that this lack of inflation could quickly turn into falling prices, and that any slide into such outright deflation would be catastrophic
The yield on the US 10-year Treasury note climbed in the past week to the highest levels since 2014