Indeed, the Bank of Japan has been hoping for inflation like this for twenty years. They are not going to complain now that their wish has been granted. 3% is

Indeed, the Bank of Japan has been hoping for inflation like this for twenty years. They are not going to complain now that their wish has been granted. 3% is massive, in a good way. Japan's problem is the Americans have absurd inflation causing rate increases and encouraging the carry trade.