Skip to content
Subscriber Only

Inflation Outlook Rises Everywhere But Japan

  • Japan’s 5-year inflation swap below 0.3%, versus 1.9% in U.S.
  • Mitsubishi UFJ Kokusai, State Street see doubts over stimulus
Video player cover image

Marvin Goodfriend on BOJ's Approach to Negative Rates

Photographer: Akio Kon/Bloomberg
Updated on

Bond investors globally see more inflation on the horizon than at any time since May 2014 -- except in Japan.

Japanese five-year inflation swaps remain mired below 0.3 percent, resisting pressure from rising oil and commodity prices. Equivalent swaps in the U.S have surged to near 2 percent, while those in Germany are approaching 1.2 percent.