Japan’s Shindo: Not thinking of declaring anything

Lallalit Srijandorn FXStreet

Japan's Economy Minister Yoshitaka Shindo said on Tuesday that the Japanese government is not thinking of declaring anything when he was asked about considering announcing the end of deflation.

Key quotes

“Not thinking now of declaring anything, when asked whether the government could call an end to deflation.”

“Will look at various indicators in making a decision, when asked whether the government could call an end to deflation.”

“Will strive to ensure japan sees wage growth exceeding inflation so that it won't revert to deflation.”

Market reaction

At the time of writing, USD/JPY is trading 0.03% lower on the day at 150.45.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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