Japan should acknowledge its victory over deflation.

Haruhiko Kuroda claims Japan exited deflation amid rising prices, but Prime Minister Shigeru Ishiba disagrees, fueling controversy over inflation.

Listen, old central bankers never really go away; they just keep talking! Haruhiko Kuroda, the former Bank of Japan chief, claims Japan "has completely exited deflation." After a decade of massive stimulus, he’s got a reason to celebrate. And with core consumer prices hitting 3% in January, he might be on to something.

But here’s the kicker: Prime Minister Shigeru Ishiba isn't sold on it. When asked if Japan is facing inflation instead of deflation, he just dodged the question. It's like watching a game of dodgeball with economic theories. Kuroda’s feeling good, but the government’s still on the fence!

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