Japan’s Nishimura: Govt and BOJ will cooperate to ensure no deflation

Dhwani Mehta FXStreet

The government and Bank of Japan (BOJ) will cooperate to ensure there is no deflation in the economy, said Japanese Economy Minister Yasutoshi Nishimura on Friday.

He said that the policies to prevent coronavirus spread are curbing demand, adding that there are obviously various economic effects including prices.

This comes after Tokyo area CPI for April came in at 0.2% YoY vs. 0.4% expected and 0.4% expected.

USD/JPY fades the spike

USD/JPY fades an early spike to 107.41, as risk-aversion has gripped Asia amid fresh US tariffs threats on China and the disappointing US and Japanese macro data.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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