Japan's leadership is pushing for a wage-driven inflation model, banking on tighter coordination with the central bank. The strategy? Get salaries rising first, then let price growth follow naturally—a reversal of the usual script. It's a high-stakes bet on breaking decades of deflation, but whether workers actually see fatter paychecks before costs climb remains the real test. For macro watchers, this signals potential shifts in yen policy and liquidity flows that could ripple through risk assets globally.

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