There are flavors around the world of a Japanese-like deflation story, says Stephen King, senior economic adviser at HSBC.
The economy appears to be growing, but the market is hinting at a different economic picture, says Ron Insana.
Julia Wang, greater China economist at HSBC, says China's inflation has been soft, and that the PBOC should roll out more easing to support growth.
China is a bear market. That means weak global demand, continued pressure on commodities and "one and done" for the Fed, says Ron Insana.
A lack of inflation and lower interest rates could remain longer than many market watchers expect, one expert said.
U.S. firms entering China's competitive retail market are realizing how strong local players are, says Frederic Neumann, MD and co-head of Asian economics research at HSBC.
Deflation talk these days is mostly centered on the euro zone and parts of emerging markets, but the U.S. is dancing on the brink itself.
Ian Cheshire, former CEO of Kingfisher and Government Lead Non-Executive for the British government, says Japan's economic, structural and demographic problems are unique to itself.
Beijing needs to make bolder and broader moves to boost market confidence, says Simon Grose-Hodge, head of investment advisory at LGT Bank Singapore.
Takuji Okubo, principal and chief economist at Japan, says falling deflation means there are no compelling reasons for the Bank of Japan to ease further this year.
Bank of Japan Governor Haruhiko Kuroda on Monday reiterated the central bank's readiness to expand monetary policy further if needed to achieve its 2 percent inflation target.
Dominic Rossi, Global CIO of Fidelity Worldwide Investment, says the global economy is bearing the burnt of a third wave of deflation centered around emerging markets.
Nathan Bell, head of research at Peters MacGregor Capital Management, says the Fed's decision to keep interest rates near zero contradicts with its inflation target.
Alan Knuckman, chief options strategist at Bulls-Eye Options, says he is more concerned by the threat of deflation than inflation in the U.S., ahead of the latest job figures.
U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.
Tokyo has yet to provide the Bank of Japan with fiscal support, which makes the battle to end deflation much harder, according to Paul Sheard, chief global economist at Standard & Poor's Ratings Services.
CNBC senior contributor Larry Kudlow, discusses the right time for the Fed to tighten, Donald Trump's policy plans and the best way to get growth in the U.S. economy.
Patrick Spencer, vice-chairman of equities at Baird, says "deflation is the big concern" when it comes to raising rates, rather than Wednesday's CPI data.
Two years of quantitative easing has done nothing to help Japan's economy, which contracted at an annualized pace of 1.6 percent in the second quarter, says Andrew Freris, CEO at Ecognosis Advisory.
Antonin Jullier, global head of equity trading strategy at Citi, suggests European investors should dust off their "deflation playbooks" in order to make money.