Why the Bank of Japan needs to regain trust

Japan remains in deflation. Fortunately, the deflation spiral of the 1995 - 2003 period is gone, but changes of the core consumer price index (CPI) remain stubbornly below zero. For example, the standard Japanese "core" CPI, which excludes only the volatile fresh food component, has since been consistently negative since February 2007 - after a brief stint in positive territory. The CPI excluding food and energy has been consistently negative since September 1998, with the exception of only six

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: