>>72449436Its mainly because the inflation is being caused by global affairs not the policy rate. The big takeaway is that:
1) Japan learned that its multi-decade solution to its stagnating economy i.e. "cause inflation so our citizens spend" was fucking retarded. Japs are saving more than ever before because shits expensive
2) they were terrified of ending the decades long negative interest rate and yield curve control. They genuinely worried that their country would collapse if they ended it. And it didn't
so yeah they raised the interest rate to 0.1% lol and it did nothing. They'll likely hike it further to a normal 1% rate and then we'll see strong yen
