Japan: "Hyperinflation 'Unthinkable' Even With Bold Easing: Abe"

The Nikkei 225 was down a quarter-percent overnight closing at 12,314.81, still below the 13,000 target the Japanese Economics Minister was talking about last month and quite a bit lower than the 63,000,000 price target that Dylan Grice mentioned for 2025.
From Nikkei.com:

Hyperinflation is "unthinkable," Prime Minister Shinzo Abe said Monday, citing the Bank of Japan's ability to make adjustments after enacting bold monetary easing.

"If the rate of inflation exceeds the 2% target, the BOJ would naturally proceed with a policy to keep it within 2%," he told reporters.

At the same time, Abe noted that the government "must keep a keen eye on trends in prices and long-term interest rates." The prime minister stressed the need to improve the country's finances, indicating a stance of limiting monetary policy side effects with an eye on government bond prices....MORE