"Good" and "Bad" Inflation in Japan

Well, one good turn deserves another. Claus and I are currently doing a spell of guest posting on the RGE Europe EconoMonitor at the moment (here, and here, for example), and true "just in time" fashion RGE Analyst Mary Stokes has a piece today about Japan's inflation issue.Inflation is rearing its ugly head around the world, keeping many central bankers awake at night. In Japan, by contrast, it