Population is flat or declining so that's one of the main drivers of inflation. Japan could be a pioneer in steady-state economics.
Over the long run, population decline it is associated with disinflation or deflation. Deflationary forces often become strong because overall demand and economic growth slow.
Over the long run, population decline it is associated with disinflation or deflation. Deflationary forces often become strong because overall demand and economic growth slow.