An elderly clerk waits to serve customers in front of a shop in Tokyo, Japan, Sept. 18, 2023.
Eurizon strategists said Japan's aging population provides clues to the US inflation outlook.
  • Eurizon strategists forecast US inflation to steadily fall to the Fed's target of 2%.
  • They point to Japan as an example of how demographic trends can alter economies over time.
  • Since the 1990s, Japan's aging population has caused inflation and interest rates to fall.

While some forecasters on Wall Street anticipate inflation in the US to persist above the Federal Reserve's 2% target, Eurizon SLJ Capital suggests demographic trends in Japan says the opposite is in store for the world's biggest economy.