Japan is preparing to officially declare an end to long-term deflation ...Middle East

Akazawa stated that all four key indicators used to assess deflation:

consumer prices, GDP deflator, unit labor costs, and the output gap

While the BOJ ended its decade-long ultra-loose monetary policy and raised interest rates to 0.5% in January, the government has been cautious in officially declaring the end of deflation. Doing so could reduce justification for further fiscal stimulus but might also serve as a political advantage for the administration ahead of Japan’s upper house elections in July.

JPY has been strengthening today, its back under 148.00

This article was written by Eamonn Sheridan at www.forexlive.com.

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