How can Japan Have Both the Fastest Falling Currency and the Lowest Inflation in the World?

The Japanese Yen is at a 24-year low to the US dollar and prices have risen less than 2.5% How is this possible?

Inflation across the world has increased to rates not seen in multiple decades. Japan, where the headline consumer price index rose by only 2.5% stands as a stark exception.

This becomes even crazier in a world where the United States have an inflation rate of 8.5% and the EU has an average inflation rate of 8.6% this year!

Central banks all over the worl…