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Why Japan Appears Immune to Global Inflation Surge, So Far
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wsj.comTOKYO—At a time when Americans and Europeans are wrestling with rising inflation, Japan shows how to keep consumer prices virtually flat.
After decades of very low inflation, Japanese shoppers resist paying higher prices and businesses seldom try to lift them. Companies hoard cash and stint on investment, and keep the labor market rigid so workers can’t easily move to growing businesses and get pay increases.
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