In February, prices in Japan went up by 2.8 percent, which is more than what the Bank of Japan aimed for. They’ve been trying to boost prices for almost two years to keep the economy healthy.
The Bank of Japan stopped a policy meant to encourage spending this week, but they’re still keeping things easy for people to borrow money.
Some things got more expensive in February, like gas, food, and hotel stays, but gas prices dropped a bit, balancing things out.
Ignoring food and energy, prices still rose by 3.2 percent, slightly less than expected.
Workers in Japan got a big raise recently, which hasn’t happened since 1991. When people earn more, they spend more, which helps the economy grow.
So, while prices might be going up, it’s all part of a plan to keep the economy stable and make sure people have enough money to keep things running smoothly.
Osaka, Japan
