Insight - Good news, GDP laggards. You’re ahead of the game

Ending speculation: People wait at a pedestrian crossing in Tokyo. The BoJ made its offer for unlimited bond purchases in a move aimed at curbing the surge of long-term interest rates. — AP

INFLATION is surging around the globe and central bankers are fretting that growth is running hot, yet officials in the world’s third-largest economy seem oddly relaxed. Has the great post-pandemic reflation skipped over Japan?

A closer look at the data show its recovery has been less than stellar and prospects for walking away from stimulus seem ever more remote.