Why is inflation so low in Japan?

Oct 6, 2022

Inflation in Japan has been low since the 1990s.

Inflation in Japan has been low since the 1990s. Image: Louie Martinez/Unsplash

Victoria Masterson

Senior Writer, Forum Agenda

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Inflation in Japan has been far lower than in other G7 countries.

Inflation in Japan has been far lower than in other G7 countries. Image: OECD

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An ageing population and negative interest rates are among the factors that contributed to low inflation in Japan.

An ageing population and negative interest rates are among the factors that contributed to low inflation in Japan. Image: Focus Economics

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