Goldman: Japan and Australia stand out for mild inflation, strong consumption

Japan had a later reopening and less elevated inflation. (Image: Bloomberg)

Tue, 20 Sep 2022

By Michelle Jamrisko Japan and Australia are standouts among major economies, with relatively healthy consumption on the back of more mild inflation that’s keeping a floor under spending power, according to Goldman Sachs research.A metric of consumer health used by Goldman analysts led by Jan Hatzius shows the two Asia-Pacific giants stand at around the 60th percentile, compared with around the 40th percentile for the US and 35th for the Euro area. The percentile refers to data comparing each country to itself, going back to 200...

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