Japan a guiding light regarding money printing and interest rate suppression. First start with banks lending crazy amounts in the 1980s and pumping asset prices. Then 30 years later Govt debt is 255% of GDP and interest rates can never rise but they fought off deflation. A real guiding light for other economies. I like that they resisted the urge to open the immigration spigot to fight deflation.

https://www.abc.net.au/news/2024-04-...sons/103653912