The curious case of the 2% inflation target and why most central banks won’t let it go.
Data & financial journalist covering global economics and policy
The curious case of the 2% inflation target and why most central banks won’t let it go.
In Japan, the only Asian economy in G7, core inflation rose at its fastest annual pace in over two years, climbing to 3.5% in April, according to data released Friday. I mapped the inflation (with some caveats) to look at the overall inflation trend in G7 economies.
Japan faces a history of ten years of repeated recessions followed by stagnation. As a sharp contrast to the stable performance in and before 1980’s, 1990’s was referred to as the “lost decade” by the Japanese. This area is identified as important since Japanese banks, two decades ago, were amongst the strongest in the world…