Friday, September 29, 2023

"Japan's Economy Minister Says Authorities Must Ensure End to Deflation"

 From Reuters via U.S. News & World Report, September 29:

Japan is no longer in deflation but policymakers need to ensure prices do not slide back into contraction, economy minister Yoshitaka Shindo said on Friday, suggesting authorities are still concerned about soggy consumer demand.

Policymakers must closely watch key indicators including the output gap and labour costs before they declare a complete end to deflation, Shindo said....