Price Developments in Japan -A Review Focusing on the 1990s-

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Research and Statistics Department: Bank of Japan

No 2000-10-06, Bank of Japan Research Papers from Bank of Japan

Abstract: In the mid-to-long-term perspective, during the 1960s, Japan's economy experienced moderate inflation. Domestic wholesale prices rose by about 1 percent on average (year-to-year), while consumer prices increased faster by around 5 percent on average. In the 1970s, Japan experienced high inflation, triggered by excess liquidity and the first oil shock. Domestic wholesale prices and consumer prices both rose by more than 20 percent. The 1980s and 90s were periods of disinflation. During those years, inflation rates in domestic wholesale prices basically continued to be negative, and those in consumer prices remained in a small range of slightly more than 3 percent to a slightly negative level.

Date: 2000-10-06
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