Pushing On A Japanese String

I used to wail and gnash my teeth about Japan's debt problem, and it's still staggering, but somehow, they just keep on keepin' on.

TOKYO—The Bank of Japan pushed back against speculation about an early interest rate increase Thursday by mixing an upbeat assessment of the economy with a further lowering of its inflation forecast and a rejection of the need to unwind its ultraeasy policy.

Mr. Kuroda reiterated that the time isn’t ripe to start talking about a policy reversal. He pointed to the distance of the current inflation rate, 0.2% in February, to his 2% target.

0.2% is no inflation at all. That economy isn't going anywhere. Meanwhile, their citizens owe about $71,000 USD apiece on their federal government's debt. Ouch.

And, of course, there's the demographic issue with more adult diapers being sold than baby diapers.

Having issued my Cassandra Call one more time, I can't say that I've got any clue as to when or how this all comes crashing down. Weird.

Bumblebees aren't supposed to fly, either, but they do.