End Of Deflation Hurts Japan
While non-Austrian economists have generally described the previous price deflation, as a problem, many now realize that rising prices may not be so good. Economic and Fiscal Policy Minister noted that "isn't at all a good thing because it's being driven by higher energy prices rather than demand". Or in other words, it is supply-driven.
The flip side of this is that just as higher prices caused by supply factors are bad for the economy, so are lower prices caused by supply factors good for the economy. Or in other words, price deflation is not a bad thing as long as it is not caused by monetary deflation.