Japan deflation exit remains premature says minister
Japan economy minister Minoru Kiuchi stated that the nation has not met conditions to declare an end to deflation. The remarks highlight a policy divide with the Bank of Japan ahead of its upcoming meeting.
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Japan has yet to meet the conditions for officially declaring victory over deflation, Economy Minister Minoru Kiuchi said on Friday morning. The remarks expose a policy divide with the central bank as it sees the economy on the cusp of durably achieving its 2% inflation goal. The disconnect comes ahead of a crucial policy meeting next week, where the central bank is seen signaling that underlying inflation has reached its target.
