Wholesale prices rise 1% in Feb

This rise is an opening salvo. Global inflation trend has started and reversed after 40 years of deflation. Japan will not be an exception. One key factor is all major economies including US, China, Japan, etc are diverting more resources to military expenditures. The peace dividend that helps interest rates go lower and global economy more productive following the end of Cold War in 1980s is gone. Global interest rates are starting to rise. The world will be less peaceful, because of leaders taking peace/pacifism for granted.