Japan is not yet officially out of deflation, economy minister says
EWJ•Economy Minister Minoru Kiuchi said Japan has not met the conditions for the government to officially declare an end to deflation. He said the decision would consider whether the country could avoid a return to persistent price falls.
1. No deflation declaration yet
Kiuchi said Japan had yet to meet the conditions for the government to officially declare an end to deflation. He said the decision would take various factors into account to ensure the country would not return to persistent price falls. He made the remarks when asked about reports that the Bank of Japan may signal underlying inflation has roughly reached its 2% target at next week’s policy meeting.
