In Japan, as in the U.S., a new leader wants the central bank to make government debt more bearable, which could feed inflation, writes WSJ’s Greg Ip

In Japan, a new leader is pushing for the central bank to take measures that would make government debt more manageable, similar to recent moves in the U.S. This approach could potentially lead to increased inflation, raising concerns about economic stability. Understanding these developments is crucial as they may influence monetary policy and economic conditions in both countries.