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A Cheeseburger Costs 17 Cents More in Japan, but the BOJ Says the Prices Still Aren’t Right
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wsj.comTOKYO—While the U.S. battles its worst inflation in 40 years, there is still one country where prices aren’t rising as fast as the central bank would like and interest rates are stuck around zero.
It is Japan, where prices in February rose 0.9% from a year earlier and actually fell when volatile fresh food and energy prices were excluded, according to government figures released Friday. Hours later, the Bank of Japan responded by reaffirming its ultra-easy monetary policy.
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