Japan economy minister Nishimura: Japan has not completely emerged from deflation
Speaking in parliament, the economy minister:
- Japan has not completely emerged from deflation
- Japan's economy making progress toward emerging from deflation thanks to prolonged recovery
- BOJ, govt will work closely together, take all necessary steps to sustain recovery
Hmmm. CPI figures are low, but they are not negative. Still, a bit of a pep talk from Nishimura is what this is.