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In Japan?
Inflation still negative there, no?
https://tradingeconomics.com/japan/inflation-cpiInflation is going up here, but it's cost push, mainly due to brexit. Demand isn't driving it so increasing rates doesn't seem to make a lot of sense.
But you are right that some people are still saying we need interest rate rises so it might still happen. But a % or two, nothing like the 70s and 80s. And I would expect it to be quickly reversed if it did happen as it would trash growth.
I have to watch this for work and our assumption is no significant movement in the next couple of years.
frank9755-
mainly due to Brexit
Is this actually true? In normal times I wouldn’t question it, but the govt. has borrowed a fuck tonne of money and given it away to people for free. And there’s a massive backlog of stuff to do that simply wasn’t done in 2020. And there’s a global supply crunch on.
There’s massive demand for some things and normal demand for others combined with a shrunken workforce (some Brexit stuff there I guess), suppl troubles ( some Brexit stuff there) and a massive backlog. It is demand > supply.
I agree that crushing rate rises are unlikely.
Howard
Japan is a good example of long term low interest rates.
With inflation going up rate rises in the near future as the economy normalises wouldn't surprise me.