Japanese finance minister Shunichi Kato said Thursday that “Japan is not yet in a state in which we can permanently declare the end of deflation.”
Outstanding statements
Japan’s economy is in a state of experiencing supply shortage, rather than lack of demand.
There is no plan now to modify the joint declaration of the Government and the Bank of Japan (BOJ) on the end of deflation.
Japan is in transition to an economy where price increases are driven by import costs, instead of being driven by salary profits.
Judging by underlying inflation and an integral look at the price indicators.
Market reaction
At the time of publication, the USD/JPY remains on the lowest land about 148.15, modestly flat in the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
