thats the whole point… interest rates arent a stance of policy.. no-one thinks a country/Cbank with high inflation and high nominal rates are running tight policy..
after 2 decades of delfation at the door, the inflationary policy is a blessing, if you’re really worried about runaway inflation in Japan you’re an idiot.. Macro is great for counterfactuals.. Many people note the Yen weakening as great for Jap exports, yes this is true, but the ratio of imports/exports has shown that the Japanese consumer is benefiting most with better growth/wage prospects, outweighing the loss in PP from the exchange rate. There is no inflationary concerns in Japan, Abenomics is not going to turn into a black swan.. the money print = inflation = crisis meme is played out and wrong and is the refuge of tin hats everywhere
