Japan Not Yet Out of Deflation
Economy Minister Minoru Kiuchi stated that Japan has not yet met the necessary conditions to officially declare an end to deflation. The government wants to ensure the economy will not revert to persistent price falls before making any final decisions.
Japan has not yet fulfilled the necessary conditions to officially declare an end to deflation, Economy Minister Minoru Kiuchi said on Friday morning. The assessment comes as market participants anticipate a crucial policy meeting from the central bank next week. Tokyo is treading cautiously to prevent any relapse into persistent price declines.
