Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This.

Japan Has Long Sought More Inflation and a Weak Yen. But Not Like This.

TOKYO — For years, as Japan tried to boost its chronically weak economic growth, it pursued what its central bank saw as a magic formula: stronger inflation and a weaker yen. It didn’t quite work as intended. Inflation never met the government’s modest target, despite rock-bottom interest rates and heaps of fiscal stimulus. Workers’ wages …

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