Japan’s Government Highlights Progress Toward End of Deflation
- Paper puts inflation in subtitle for first time in 50 years
- Declaration of end of deflation could impact monetary policy
The government has said that deflation will have ended when prices are no longer susceptible to continued declines.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The Japanese government highlighted progress toward stamping out deflation after battling it for a quarter century, and urged close cooperation with the Bank of Japan in its latest annual white paper on the economy.
The Cabinet Office subtitled this year’s paper “inflation, wages getting into motion,” mentioning inflation for the first time in around 50 years.