'Close To An Inflection Point': Deutsche Bank Simplifies WTF Is Happening In Japan

A newly published piece from Deutsche Bank's FX strategist Mallika Sachdeva (available in full here for pro subs), asks a fascinating question: what if Japan is about to become "strong and rich" again?

While the report is primarily about fiscal policy, industrial strategy and the yen, it also provides a compelling backdrop to one of the standout conclusions from our recently released Mapping the World's Prices 2026 (available in full here for pro subs): Japan has quietly become one of the cheapest developed economies in the world.