&gt;In terms of duration: I would say they are one regular recession away from this. For the last 5 years I&#x27;ve been saying &quot;next 2 years&quot;. Today I&#x27;d say 1 year. (I have no actual money involved so this prediction is worthless. But you asked for it...)<p>So what you&#x27;re saying is that you&#x27;ve called 3 of the past 0 recessions...<p>The Japanese economic stagnation is complex enough that it demands more than a lone sentence concluding that it will result in hyperinflation.<p>As an aside, I often find it frustrating reading HN comments related to economics, as it is not an area of strength for the community. Consider how much faith you would put in an Economist&#x27;s analysis of consensus objects or networking protocols. This gets especially frustrating when technical terms with specific meanings (like duration) get misused in these discussions.