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Japan's Economy Minister: Japan No Longer in Deflation, No Need for Ultra-Loose Policy
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Japanese Minister in Charge of Economic Revitalization, Akihisa Shiozaki, stated that Japan is no longer in a state of deflation and therefore does not require an excessively loose monetary policy to support higher inflation. The comment, reported by tradealpha, signals a potential shift in the government's stance on the Bank of Japan's long-standing ultra-loose monetary framework. Shiozaki's assessment suggests that the conditions that necessitated aggressive stimulus have changed, opening the door for a normalization of monetary policy. The statement comes amid ongoing debates about the timing and pace of the Bank of Japan's exit from its massive easing program, as inflation and wage growth have shown signs of firming.
Source report
Japan's Minister in Charge of Economic Revitalization, Minoru Kiuchi, stated that Japan is no longer in a state of deflation, and therefore does not require excessively accommodative monetary policy to support higher inflation.
Source
domesticNeutral / independent
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Japan ministers declare end of Abenomics-era reflation policy and ultra-loose monetary easing