Japan government considers calling end to deflation, Kyodo reports

March 04, 2024

TOKYO -- Japan is considering calling an end to deflation in the wake of rising prices, Kyodo news reported, a move that would turn a new page for the world's fourth-largest economy after decades of economic stagnation scarred a generation of workers and investors. However, it wasn't clear from the Kyodo report if the government would officially declare an end to deflation. In the last few years the government has maintained that Japan was no longer in deflation, but it has stopped short of declaring a complete victory over falling prices. Chief Cabinet Secretary Yoshimasa Hayashi told a news conference that Japan has not reached the stage yet where it can call a complete end of deflation, shrugging off the Kyodo report. A Reuters poll of economists forecast the BOJ will end its negative interest rate policy, in place since 2016, by next month.

The source of this news is from Tuoi Tre News