Japan's economy minister has not yet declared the end of deflation, with the decision being postponed until factors are considered, including persistent price falls. The Bank of Japan may signal that underlying inflation has reached the 2% target at the next policy meeting.
Key points
Japan's economy minister has not yet declared the end of deflation.: Japan's economy minister has not yet declared the end of deflation.
Factors to be considered include persistent price falls.: Factors to be considered include persistent price falls.
The Bank of Japan may signal that underlying inflation has reached the 2% target at the n…: The Bank of Japan may signal that underlying inflation has reached the 2% target at the next policy meeting.
Sources checked by our analysis pipeline: 1
TOKYO, Oct 23 : Japan has yet to see conditions met for the government to officially declare an end to deflation, Economy Minister Minoru Kiuchi said on Friday.
The government's decision on whether to declare an end to deflation will take into account various factors to ensure Japan will not revert to periods of persistent price falls, Kiuchi told a press conference.
Kiuchi made the remarks when asked by reporters about media reports the Bank of Japan may signal that underlying inflation has roughly hit its 2 per cent target at next week's policy meeting.
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