Bank of Japan Governor Ueda: Energy Crisis Since 2021 Helps End Deflation, But No 1970s-Style Inflation Spiral

GateNews
According to Bank of Japan Governor Ueda Kazuo, the energy shocks that began around 2021 have been broad and persistent enough to help Japan escape its longstanding deflationary norm, but have not triggered a 1970s-style inflationary spiral.
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