ASSESSMENTS
Japan: At Last, Inflation
Jul 25, 2008 | 16:47 GMT
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Photo credit should read YOSHIKAZU TSUNO/AFP/Getty Images
Summary
Consumer prices in Japan are rising at their highest levels since 1992, driven by soaring energy and food costs. But unlike in the rest of the world, Japan may actually welcome inflation if it helps the country escape from its long deflationary malaise.