The sigh of relief from the central bankers at the Bank of Japan was hard to ignore. The latest inflation figure from the Tokyo metropolitan area, a very relevant figure for the country's overall bill in October, was 1.8%, below the 2% purchasing power theft mark, which this central bank also follows. Although the rate rose by 2.1% compared to the previous month of September, Tokyo is desperately looking for reasons to bring the interest rate cycle, let's call this joke that, to a quick end. Japan's economy is not running smoothly, the interest burden of the completely over-indebted state would rise immeasurably with positive real interest rates - so everything is in the green, the fiat party continues, the raid on the wallets of the middle class can pick up speed again, as elsewhere.