A surprising voter focus on inflation in Japan’s general election, alongside global economic concerns, has sparked comments from Mohamed El-Erian, Chief Economic Advisor at Allianz about shifting economic paradigms in traditionally low-inflation economies. What Happened:El-Erian highlighted an unexpected economic paradox in Japan, where voters cited cost-of-living concerns as a major issue despite the country’s historically low inflation rates compared to other G7 nations. “The contrast is quite striking,” El-Erian wrote on X. He attributed this phenomenon to “multi-decade price conditioning a…
