The report in Kyoda media over the weekend that the Japanese authorities is contemplating asserting an finish to deflation is being hotly denied by ministers and officers.
Headline publish right here:
Extra:
- Economic system minister, Yoshitaka Shindo, stated the federal government was at present not enthusiastic about calling an finish to deflation.
- The federal government will attempt to make sure that wage development in Japan exceeds inflation, in order that the economic system wouldn’t slip again right into a interval of extended worth declines
- Finance Minister Shunichi Suzuki echoed the economic system minister’s views. “I am aware of the media report that we are considering announcing an end to deflation. But there’s no truth to such report,”
Japan Economic system Minister Shindo
This text was written by Eamonn Sheridan at www.forexlive.com.
