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deflation

​A view of the skyline and buildings at Shinjuku district during sunset in Tokyo, Japan June 20, 2021.
What We're Watching

Will Japan raise interest rates … to zero?

Japan’s central bank will debate a landmark interest rate rise next week that could bring interest rates to a staggering 0% after nearly a decade of negative rates.

The headquarters of the People's Bank of China is pictured behind an iron chain in Beijing.

Will China’s property woes get political?

As China’s financial troubles mount, analysts forecast stormy skies for its economy — and potentially, its politics.

Election officials display a ballot paper while sorting and counting votes after polls close at a polling station during Zambia's general elections.
What We're Watching

Election crisis in one of Africa’s most stable democracies, Mecca agreement may get another signee, SCOTUS sides with Trump on mail-in ballots

The mineral-rich southern African nation of Zambia is slipping into political crisis following last week’s disputed election, in which incumbent President Hakainde Hichilema won a second five-year term.

A worker works at a workshop of a textile company in Binzhou city, East China's Shandong province.
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China flirts with deflation. Why is that a bad thing?

While much of the rest of the world contends with inflationary pressures, many economists say China is tussling with the inverse phenomenon: deflation. What’s deflation, and what are the implications at home and abroad?