It’s time for Japan to admit victory on deflation

While Ishiba's reluctance to embrace Japan’s contemporary economy is grounded in harsh experience, it’s well past time for the political elite to move on. — Bloomberg

OLD central bankers never die. And often, they don’t fade away either.

Haruhiko Kuroda, the Bank of Japan (BoJ) boss for a decade until 2023, was one such figure who last week declared that Japan “has completely exited deflation.”