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What will a burst of inflation provide in Japan?

Japan, people like to argue, is one place that should greet the return of inflation with joy. The country, after all, has been in the grip of deflationary forces for over a decade. Even after an economic recovery which began in 2002, the lingering deflationary mindset has meant firms have struggled to raise prices or pay better wages. A burst of inflation, the Japan bulls say, will provide just the shot in the arm that economy needs.

A burst of inflation, the Japan bulls say, will provide just the shot in the arm that economy needs.