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Japan Accelerates Toward Stagflation
The nationwide consumer price index (CPI)
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The nationwide consumer price index (CPI) data released on the 24th for February showed that inflation in Japan slowed to 1.3% year-on-year for the first time since March 2022. The core indicator eased from 2.6% to 2.5% y/y, with the slowdown driven by subsidies from the Takaichi administration covering household electricity and gas bills.Needless to say, these figures are already outdated following the outbreak of the Gulf war. On March 30, the Tokyo regional price index for March will be
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