Japanification
The world has record debt levels.
The problem is only getting worse not better.
The only way central bankers know how to deal with this situation is by continually injecting adrenalin (liquidity) into the system.
The world is on life support.
Japan has been on life support for 32 years. The scenario where the world becomes Japan is certainly not zero.
Japanification may happen.
Central banks have never been more interventionist.