Japan Is at Last Stage of Beating Deflation, Official Says
- Says end of deflation call to come in monthly economy report
- Timing doesn’t have to coincide with BOJ moves, official says
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A senior Japan Cabinet Office official said the nation is at the final corner before declaring victory over deflation, a comment that suggests the government is largely aligned with the Bank of Japan.
The government is at the stage of discerning whether there remains any risk of returning to deflation, the official told reporters ahead of the release of economic growth figures Thursday that showed a surprise slip into recession.