BoJ’s Wakatabe: Secular stagnation risk has yet to pass – by anilpanchal7 BOJ USDJPY Inflation RiskAppetite CentralBanks
Key comments
The mild-inflation regime has not come to an end, and we should say that the potential dangers of secular stagnation and Japanification have not yet passed. When an exogenous shock occurs, there is an adjustment from the old to a new price system. After adjustment, the rising inflation rate is likely to return to the steady-state inflation rate.
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