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Low-inflation Japan a relative oasis in a troubled world

As global recession fears intensify, Japan’s stagnant economy increasingly looks like a safe haven from the world’s inflation woes.

Michael Smith

Tokyo | The Japanese government launched a campaign last month urging young adults to drink more to boost the economy. From all accounts, it is working.

Tokyo’s iconic izakayas, or pubs, have been packed with tipsy white-collar workers most summer evenings this year as the last of the country’s pandemic restrictions were eased.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/world/asia/low-inflation-japan-a-relative-oasis-in-a-troubled-world-20220928-p5blry