Japan Economy Minister Shindo's Views on Declaring End of Deflation

Monday, 4 March 2024, 23:51

Japan's Economy Minister Shindo has stated that the government is currently not considering declaring the end of deflation. He emphasized the importance of analyzing various indicators before making such a decision and highlighted the goal of achieving wage growth higher than inflation to prevent a return to deflation.
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Japan Economy Minister Shindo's Views on Declaring End of Deflation

Japan Economy Minister Shindo:

Not thinking now of declaring anything, when asked whether govt could call an end to deflation

Will look at various indicators in making decision, when asked whether govt could call an end to deflation

Will strive to ensure Japan sees wage growth exceeding inflation, so that it won't revert to deflation


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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