Japan’s Kato: Still not in a state where we can permanently call end to deflation
Source Fxstreet
Japanese Finance Minister Shunichi Kato said on Thursday that “Japan is still not in a state where we can permanently call an end to deflation.”
Additional quotes
Japan's economy in state of experiencing supply shortage, rather than lack of demand.
Don't have plan now to modify joint govt, the Bank of Japan (BoJ) statement on ending deflation.
Japan is transiting to an economy where price rises are driven by import costs, to that driven by wage gains.
Judging from underlying inflation and comprehensive look at price gauges.
Market reaction
At the press time, USD/JPY is holding lower ground near 148.15, modestly flat on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ethereum price failed to clear the $2,000 resistance and trimmed gains. ETH is now consolidating and facing hurdles near the $1,920 resistance. Ethereum started a fresh decline below the key support
XRP price started a fresh recovery wave from the $1.90 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh decline from the $2.200
Bitcoin trades near $83,000 on Wednesday amid global trade war tensions between the US and international trading partners.
On-chain data shows the XRP Market Value to Realized Value (MVRV) Ratio has just gone through a crossover that may not be positive for the asset’s price. XRP MVRV Ratio Has Dropped Under Its
XRP price started a fresh recovery wave above the $2.00 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh recovery wave above the
Related Instrument
