Of course not
Even trying to hit a 2% inflation hold point is a pipe dream for Japanese policymakers at this point, not to mention the risk of stagflation.
All you need to know with Japan (and I’ve mentioned this a number of times before) is that the pandemic has served to exacerbate underlying problems in the economy and not cause new ones. .
When it comes to inflation, they are nowhere near hitting their 2% target and do not expect that to change even with the global situation. The demographic factor, that is, the aging of the population, continues to be a major driver of economic forces in Japan.
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