Economics
Inflation Gains Footing in Japan
- Demand pressures rising after reliance on external conditions
- Lower energy prices, stronger yen could still halt progress
The Japanese national flag flies outside the Bank of Japan headquarters in Tokyo, Japan.
Photographer: Kiyoshi Ota/Bloomberg
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Inflation is showing signs of taking root in Japan.
With price gains halfway to the Bank of Japan’s 2 percent target, domestic demand is picking up after years in which external factors such as energy prices did most of the work.