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Food and energy price increases triggered by the pandemic and the Ukraine war are helping end the long, bleak era of Japanification.

United statesShinzo abeFumio kishidaToshiharu okamotoAsahi shuzoKazuhiro sakuraiHaruhiko kurodaTsutomu watanabeKazuo uedaHiroyuki okamiChihiro ohnoEtsuro hondaAyumi kinoshitaUniversity of tokyoFederal reserveResearch institute