Inflation worries reach Japan as global financial crisis looms

Inflation worries have reached the shores of Japan, a country known for being prone to deflation, leading to fears of a global financial crisis that could upend the world’s already strained supply chains.

“How far it may rise depends on currency and commodity prices, but it looks to remain elevated and a sharp drop is unlikely,” says Shinji Ebihara, a financial strategist at Barcla