‘Trumpflation’ already wreaking havoc on Bank of Japan

The Bank of Japan is having a very public run-in with the Donald Trump 2.0 White House before it’s even arrived.

The second Trump presidency is still four weeks away, but Tokyo is already battening down the hatches. Nowhere more than at BOJ headquarters in Tokyo, where Governor Kazuo Ueda is leading Asia’s second-biggest economy toward the complete unknown.

Surely, Japanese Prime Minister Shigeru Ishiba would dispute this characterization. But with approval ratings in the 20s and his ruling Liberal Democratic Party barely hanging on to power, Ueda is firmly in the driver’s seat.