The Bank of Japan has recently doubled down on monetary accommodation – in the form of both quantitative and qualitative easing. Given that Japanese monetary policy has long proven itself to be behind the curve, is Japan’s central bank getting it right this time?

ECRI’s latest updates to its separate leading indexes for Japanese inflation and economic growth show them to be in clear trajectories – indicating whether policymakers are instituting changes that will harm, or help, prospects for economic growth and deflation or inflation in the months ahead.