Japanese Prime Minister says hyperinflation is impossible

Japanese Prime Minister Shinzo Abe has said that Japanese hyperinflation is impossible, as opponents of his intended goal of higher inflation in Japan through monetary activism warn that such lax monetary policy could put Japan at risk. Outgoing Bank of Japan governor Masaaki Shirakawa has warned that dovish policy could reduce market support for Japan. Japan is the world's most indebted developed economy with a debt to GDP ratio in excess of 200 per cent.